UK Housing Market Data Response Mortgage Lending (Feb.) February saw strong rise in house purchase mortgage approvals, but the coronavirus will prevent any further gains over the coming months. Indeed, given the stringent social distancing measures now in... 30th March 2020 · 2 mins read
UK Housing Market Data Response Housebuilding (Q4) Housing starts fell sharply in the final quarter of 2019. With housebuilders now halting construction in response to the coronavirus, and the hit to buyer confidence to persist even after movement... 26th March 2020 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Feb.) UK housing market activity rose again in February according to the RICS. But as the survey was conducted before the escalation of the coronavirus crisis and related financial market turmoil, we expect... 12th March 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q4) The latest mortgage statistics show an easing in the share of higher LTV loans at the end of 2019, though there was evidence that high LTI loans have risen slightly. Overall, our view remains that... 10th March 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Feb.) Annual house price growth on the Halifax index cooled in February, suggesting that the market has lost steam. Looking ahead, with the coronavirus likely to affect sentiment as well as economic... 6th March 2020 · 2 mins read
UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Feb.) The IHS Markit/CIPS Construction PMI pointed to the strongest rise in construction since December 2018. This was driven by improvements in both commercial property and housing. But with the economic... 3rd March 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jan.) House purchase mortgage approvals surged in January, and leading indicators point to further gains in the coming months. But with house prices high, economic growth set to stay weak and uncertainty to... 2nd March 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Feb.) House prices gathered momentum in February, and leading indicators point to further near-term gains. But this latest boost reflects sentiment, while the fundamentals argue against a sustained... 28th February 2020 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jan.) Housing market activity rose again in January, driven by a post-election rise in sentiment. This bodes well for the near-term, but the upward momentum can’t be sustained indefinitely. Indeed, we... 13th February 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jan.) Annual house price growth was broadly flat in January according to the Halifax index, suggesting that the surge in prices around the election may be short lived. Indeed, with house prices still high... 7th February 2020 · 2 mins read
UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Jan.) 4th February 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Dec.) Improving sentiment pushed house purchase mortgage approvals to a 29-month high in December. But Boris Johnson’s election win has done nothing to improve the housing market fundamentals. With house... 31st January 2020 · 2 mins read
UK Housing Market Data Response Housebuilding (Q3) Housing starts rose in Q3, but construction is still down sharply on an annual basis. Looking ahead however, improving sentiment suggest that further falls in construction will be limited. 29th January 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jan.) January’s house price data show further evidence of a Boris bounce. But while faster price growth reflects improved sentiment, the election did nothing to lower house prices, boost incomes or loosen... 29th January 2020 · 2 mins read
UK Housing Market Data Response UK Finance Mortgage Lending (Dec.) The UK Finance mortgage approvals data provides further tentative evidence that demand picked up at the end of 2019. But with Brexit-related uncertainty set to intensify later this year and with the... 27th January 2020 · 2 mins read
UK Housing Market Data Response Bank of England Credit Conditions Survey (Q4) Mortgage availability rose in Q4, as competition between lenders picked up. But with banks competing on price, rather than lowering their credit standards, we think the housing market fundamentals... 16th January 2020 · 3 mins read
