Investors withdrew £792m from UK property funds in July, figures from the Investment Association show.
Meanwhile, data from the Council of Mortgage Lenders show mortgage lending totalled £21.4bn in July, compared with £21.5bn in June.
While some believe that the Bank of England’s recent interest rate cut will boost the housing market, CML chief economist Bob Pannell said it was unclear how much it would underpin borrower demand in a more adverse economic climate.
