UK Housing Market Data Response UK Finance Mortgage Lending (Apr.) Mortgage approvals for house purchase saw a surprisingly large rise in April, but we doubt that signals the start of a sustained rebound in lending. Indeed, with all other signs consistent with... 28th May 2019 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Apr.) Falling buyer enquiries and sales instructions point to further housing market weakness. And the rental market data also suggest that landlord instructions weakened. That supports our view that rental... 9th May 2019 · 1 min read
UK Housing Market Data Response Halifax House Prices (Apr.) The sharp rise in Halifax house price growth stands in contrast to the other housing market data and should be interpreted with care. Indeed, our outlook for house price growth is much weaker, with... 8th May 2019 · 1 min read
UK Housing Market Data Response Mortgage Lending (Mar.) We doubt that March’s slump in mortgage approvals signals the start of a collapse in mortgage lending. Rather, assuming a Brexit deal is done later this year, we think lending will see a modest fall... 1st May 2019 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Apr.) House price growth was subdued in April, and we expect that trend to continue across our forecast – even assuming a Brexit deal is agreed later this year. 1st May 2019 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Mar.) March’s surprise rise in mortgage approvals is unlikely to be repeated next month. That said, the fact that lending has held up fairly well in the face of Brexit uncertainty so far, supports our view... 26th April 2019 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1) There was an unexpected loosening in credit conditions at the start of the year. But with no let-up in economic uncertainty and continued gloom about the outlook for housing, we expected this will be... 18th April 2019 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Mar.) The latest RICS survey was slightly less gloomy than a month ago, but this is unlikely to signal any change in the underlying market. Given Brexit concerns, conditions are likely to remain weak near... 11th April 2019 · 1 min read
UK Housing Market Data Response Halifax House Prices (Mar.) February’s jump in the Halifax price measure was an outlier in a gloomy run of housing data, so it wasn’t a surprise that this has been partly reversed. The March figure is more in line with a... 5th April 2019 · 1 min read
UK Housing Market Data Response Mortgage Lending (Feb.) January’s jump in house purchase mortgage approvals was not repeated in February. And while lending has been surprisingly resilient in the face of high house prices and mounting uncertainty, we expect... 29th March 2019 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Mar.) London’s house price fall intensified in Q1, in line with our expectations. That reflects the high level of prices there, as well as Brexit uncertainty. Looking ahead, we think prices in the capital... 29th March 2019 · 1 min read
UK Housing Market Data Response Housebuilding (Q4) In line with our view that housebuilding has peaked, last quarter’s surge in housing starts was not repeated in Q4. Looking ahead, with a wider housing market recovery unlikely anytime soon and Help... 28th March 2019 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Feb.) Despite a slight rise in house purchase mortgage approvals during February, the outlook for lending is weak. Indeed, even if a Brexit deal were to be agreed soon, we expect no meaningful recovery in... 26th March 2019 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Feb.) The new buyer enquiries balance fell to a post-crisis low in February, but we doubt that a crash is imminent. That view is consistent with surveyors’ expectations, which anticipate a small improvement... 14th March 2019 · 1 min read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q4) Lending terms did not materially loosen in Q4, despite evidence of a pick-up in competitive pressures among lenders. Looking ahead, with uncertainty weighing in the near-term, and interest rates... 12th March 2019 · 1 min read
UK Housing Market Data Response Halifax House Prices (Feb.) We wouldn’t put too much weight on the jump in house prices recorded by the Halifax index. Indeed, with all signs pointing to falling demand and weakening buyer sentiment, we think prices will rise by... 7th March 2019 · 1 min read
