UK Housing Market Data Response RICS Residential Market Survey (Dec.) Despite the RICS data pointing to a jump in active demand and supply in December, we doubt that will translate into a substantive increase in either transactions or house price growth this year... 16th January 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Dec.) The Halifax index recorded another jump in house prices in December. This could signal a Boris bounce, but with price gains on the other main indices much weaker, today’s data probably overstate the... 8th January 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Nov.) November saw a marginal rise in house purchase mortgage approvals, suggesting that pre-election uncertainty had little effect on housing market activity. Looking ahead, given high house prices, a lack... 3rd January 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Dec.) Annual house price growth accelerated in December, ending the year a little faster than expected. But that pick-up largely reflected base effects. Looking ahead, with house prices still very high and... 3rd January 2020 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Nov.) November’s survey data support our view that the housing market will struggle to gain any upward momentum next year. After all, with house prices high and mortgage interest rates unable to fall much... 12th December 2019 · 2 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q3) Lower prices have encouraged borrowers to take out higher LTV loans. But lenders have maintained their credit scoring standards and maximum LTI ratios, and that is unlikely to change anytime soon... 10th December 2019 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Nov.) The sharp acceleration in house price growth recorded by the Halifax in November was an outlier, and is unlikely to be repeated in the coming months. Indeed, we expect house price growth to stay at or... 6th December 2019 · 2 mins read
UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Nov.) November’s headline construction PMI increased from last month, which pointed towards the slowest decline in construction output since July. Nevertheless, it continues to point to a deterioration. The... 3rd December 2019 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Oct.) House purchase mortgage approvals fell sharply in October. Looking ahead, even if uncertainty were to lift at the start of next year, the housing market fundamentals do not support a pick-up in... 29th November 2019 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Nov.) We wouldn’t read too much into November’s pick-up in house price growth. Indeed, the big picture is that, even if the economic and political uncertainty eases next year, house price growth will pick... 28th November 2019 · 2 mins read
UK Housing Market Data Response UK Finance Mortgage Lending (Oct.) Given the political and economic uncertainty, October’s drop in house purchase mortgage approvals came as little surprise. And even if uncertainty were to clear in the coming months, high house prices... 26th November 2019 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Oct.) Against the uncertain political backdrop and with the economy weakening, the RICS survey data point to a weak near-term outlook for the housing market. Indeed, with house prices already very high and... 14th November 2019 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Oct.) Slowing house price growth on the Halifax index brought it closer to the other main price measures. With house prices high compared to incomes and interest rates close to their floor, we don’t expect... 7th November 2019 · 2 mins read
UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Oct.) October’s headline construction PMI increased for the first time in four months. But it continues to point to a deterioration in construction activity. Further, with Brexit-uncertainty prolonged, a... 4th November 2019 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Sep.) Mortgage approvals for house purchase and remortgaging rose in September, but annual growth in both were still weak. Looking ahead, the outlook is subdued. Even if a Brexit deal is agreed soon, house... 29th October 2019 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Oct.) House prices saw subdued growth in October. And while in wage-adjusted terms, prices are on a gradual downward trajectory, any meaningful downward adjustment will take time. Looking ahead, we expect... 29th October 2019 · 2 mins read
