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
UK Housing Market Data Response RICS Residential Market Survey (May.) May’s RICS survey points to a modest fall in house prices. But the rest of the survey is harder to interpret. It suggests that activity fell from April’s already very low level, despite lockdown... 11th June 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q1) High LTV lending was already edging down before the coronavirus hit, as competitive pressures among banks plateaued. But lenders have since withdrawn such loans en masse, owing to fears of a house... 9th June 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (May.) According to the Halifax index, house prices fell for a third consecutive month in May as lockdown was eased. But the fall of 0.2% m/m was very gradual. That supports our view that house prices will... 5th June 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (May.) May’s rise in the construction PMI suggests that April was probably the low point for activity. The improvement was driven both the commercial and residential sectors. Looking ahead, with lockdown... 4th June 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Apr.) House purchase mortgage approvals fell by 71.8% m/m in April – broadly in line with our expectations. Looking ahead, with the housing market having reopened in May, that probably marks a low point... 2nd June 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (May.) House prices slumped in May due to the economic fallout from the coronavirus. Given the magnitude of the economic shock, further price cuts are extremely likely. That said, we think the extensive... 2nd June 2020 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Apr.) With the housing market reopening, April’s slump in sales may be the market’s lowest point. But any recovery will start from a low base and face serious economic headwinds – from both weak employment... 14th May 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Apr.) House prices fell for a second consecutive month in April according to the Halifax index. But with low transactions activity likely to be causing extra volatility in the data, readings from the... 7th May 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Apr.) April’s Construction PMI collapsed to a record low of just 8.2. That was driven by the commercial and residential sectors, which both saw record falls in activity. But looking ahead, with signs that... 6th May 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Mar.) Mortgage approvals for house purchase slumped by a hefty 24% in March. And with the coronavirus likely to have only cut lending in the second half of the month, we expect an even larger fall in April. 1st May 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Apr.) April’s rise in annual house price growth won’t last. We suspect it reflects both low transaction volumes and delays to processing mortgage applications. As the economic hit to employment from the... 1st May 2020 · 2 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1) Mortgage availability is set to collapse in Q2. Part of that will reflect limitations caused by physical distancing measures due to the coronavirus. Yet broader concerns about the economy, house... 16th April 2020 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Mar.) Coronavirus measures have put the housing market on ice. With buyer enquiries and agreed sales in freefall, the market is on track to see a 70% fall in sales this quarter. Meanwhile the collapse in... 9th April 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Mar.) The Halifax index recorded flat house prices in March, but that tells us little about the effect of the coronavirus. And with very few housing transactions likely to go through across April and May... 7th April 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Mar.) March’s Construction PMI fell to its lowest reading since 2009, with commercial construction seeing a particularly sharp fall. Housebuilding saw a more modest decline, but as revenues dry up over the... 6th April 2020 · 2 mins read
