UK Housing Market Data Response

Bank of England Credit Conditions Survey (Q3)

A weaker economic outlook and stronger risk aversion among lenders led banks to tighten credit availability in Q3. What’s more, lending to commercial property was also reined in.

17th October 2019 · 3 mins read

UK Housing Market Data Response

RICS Residential Market Survey (Sep.)

According to the RICS survey, buyer and seller numbers fell sharply in September, as renewed uncertainty hit housing market confidence. But the big picture is that, even if Brexit uncertainty were to...

10th October 2019 · 2 mins read

UK Housing Market Data Response

Halifax House Prices (Sep.)

September’s fall in the Halifax house price index chimes with the message from the alternative measures and suggests that house price inflation is subdued. Indeed, with house prices already high and...

7th October 2019 · 2 mins read

UK Housing Market Data Response

Housebuilding (Q2)

Housing starts fell for a third consecutive quarter in Q2, pushing the pace of construction down to its lowest level in three years. Looking ahead, with Help-to-Buy set to be pared back and wider...

3rd October 2019 · 2 mins read

UK Commercial Property Data Response

IHS Markit/CIPS Construction PMI (Sep.)

The fall in the headline construction PMI in September suggests that construction output contracted in Q3. For the commercial property sector, the softer supply pipeline may limit rental values falls...

2nd October 2019 · 2 mins read

UK Housing Market Data Response

Nationwide House Prices (Sep.)

The subdued picture for house price growth is unlikely to improve anytime soon. Even if a no deal Brexit disruption is avoided, we think high house prices, mortgage regulation and rising interest...

1st October 2019 · 2 mins read

UK Housing Market Data Response

Mortgage Lending (Aug.)

Mortgage approvals for house purchase fell in August, more than reversing the gains seen in June and July. Looking ahead, despite evidence of strong price competition among mortgage lenders, we think...

30th September 2019 · 2 mins read

UK Housing Market Data Response

UK Finance Mortgage Lending (Aug.)

August’s fall in house purchase mortgage approvals more than reversed July’s rise. And while price competition among mortgage lenders remains fierce, this has largely not translated into higher...

25th September 2019 · 2 mins read

UK Housing Market Data Response

RICS Residential Market Survey (Aug.)

Having seen a small improvement across June and July, housing demand lost all upward momentum in August. Looking ahead, given the high level of house prices and ongoing political uncertainty, a...

12th September 2019 · 2 mins read

UK Housing Market Data Response

Mortgage Lenders and Administrators Statistics (Q2)

Price cuts from lenders have helped to push up the share of high LTV loans and fixed-rate deals, suggesting that the mortgage price war is increasingly making its mark. But there is little sign that...

10th September 2019 · 2 mins read

UK Housing Market Data Response

Halifax House Prices (Aug.)

While the revamped Halifax House Price Index pointed to slightly faster annual house price growth in August, it is a far cry from the unusually strong rates shown by the old series. Nonetheless, with...

6th September 2019 · 2 mins read

UK Commercial Property Data Response

IHS Markit/CIPS Construction PMI (Aug.)

The decline in the headline construction PMI in August provides further evidence that construction activity has failed to recover so far in Q3. With firms cautious about the outlook, commercial...

3rd September 2019 · 2 mins read

UK Housing Market Data Response

Mortgage Lending (Jul.)

House purchase mortgage approvals saw a gentle recovery in July. But with uncertainty set to intensify in the coming months, the rise in lending probably won’t be sustained.

30th August 2019 · 2 mins read

UK Housing Market Data Response

Nationwide House Prices (Aug.)

House price growth was sluggish in August. With Brexit-related uncertainty set to continue over the next few months, a recovery in house price growth this year is unlikely.

30th August 2019 · 2 mins read

UK Housing Market Data Response

UK Finance Mortgage Lending (Jul.)

The rise in mortgage approvals published by UK Finance should be interpreted with care. It probably reflects lenders competing for market share, rather than a market-wide recovery in lending.

27th August 2019 · 2 mins read