UK Housing Market Data Response RICS Residential Market Survey (Aug.) The housing market strengthened further in August. But as pent-up demand from lockdown dries up over the coming months, conditions will soon cool. We expect house price growth to stagnate next year... 10th September 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Aug.) House price growth in August exceeded expectations, surging to 5.2% y/y. But pent-up demand will soon be expended, while a weak economy, cautious lenders and the end of the stamp duty cut will weigh... 7th September 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Aug.) While the recovery in both commercial and residential construction lost momentum in August, growth in housebuilding far outperformed commercial. This trend is likely to continue, reflecting the... 4th September 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Aug.) Combined with July, August’s surge in house price growth has more than reversed the price falls seen immediately after lockdown. But with the market mainly being driven by short-term factors such as... 2nd September 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jul.) July’s lending data show a v-shaped recovery in house purchase mortgage approvals. But with the economy still fragile and lenders still cautious about high LTV loans, lending is likely to fall back... 1st September 2020 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jul.) The latest RICS survey confirms that housing market activity strengthened further in July. This reinforces other evidence that the recovery may be stronger than expected, but in our view this doesn’t... 13th August 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jul.) According to the Halifax index, house prices rebounded in July. Along with the recent Nationwide data and stronger lending, this is further support for our view that a house price crash is now... 7th August 2020 · 2 mins read
UK Commercial Property Data Response IHS Construction PMI / RICS Construction (Jul/Q2.) The rise in July’s construction PMI is an encouraging sign for activity. Looking ahead, we expect housing construction will lead the upturn in activity, while further falls in values in the commercial... 6th August 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jul.) House prices bounced back in July, unwinding the fall seen in June. Along with the pickup in lending in June, this reinforces our view that a house price crash is now unlikely. Although, with the... 31st July 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jun.) House purchase mortgage approvals saw a strong initial recovery in June. Lending is likely to strengthen further this year, as the stamp duty cut supports demand and lenders bring back higher LTV... 29th July 2020 · 2 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) Mortgage credit availability collapsed in Q2, while commercial loan conditions improved on the back of government loan guarantees. Looking ahead, lenders expect both commercial and residential... 16th July 2020 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (June.) The latest RICS survey suggests activity is increasing at its fastest rate for several years, though these results should still be read with caution as the UK moves out of lockdown. Nonetheless... 9th July 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jun.) According to the Halifax index, house prices were broadly stable in June. Looking ahead, with the furlough scheme due to end soon and lenders increasingly risk averse, further house price falls are... 7th July 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jun.) June’s PMI construction jumped back above 50 for the first time in four months, confirming that activity is starting to return to normal. The improvement was driven by both commercial and residential... 6th July 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jun.) House prices saw another steep fall in June, but low transactions volumes cast doubt on the accuracy of the figures. Looking ahead, there are signs of a recovery in demand, but lenders remain cautious... 1st July 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (May) Despite the housing market reopening half-way through May, house purchase mortgage approvals once again fell sharply. But signs of a bounce back in buyer demand in June, combined with resilient... 29th June 2020 · 2 mins read
