UK Housing Market Data Response Mortgage Lending (Jan.) January’s surprise jump in house purchase mortgage approvals shouldn’t be overplayed. Given the weak data on buyer demand and house price expectations falling, we expect mortgage approvals to weaken... 1st March 2019 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Feb.) February’s weak result for house price growth shows a market struggling under the weight of Brexit uncertainty. Yet, even if a Brexit deal is reached fairly soon, we think that house price growth will... 28th February 2019 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Jan.) Mortgage approvals for house purchase got off to a weak start in 2019, consistent with our view that lending and housing transactions will weaken again this year. 26th February 2019 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jan.) Housing demand fell sharply in January, but we doubt that heralds a collapse in prices. But conversely, even if a Brexit deal is done, the market is unlikely to rebound. In all, we expect the housing... 14th February 2019 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jan.) While house prices have some downward momentum, we don’t think that heralds the start of a sustained fall. Rather, we expect house price growth to maintain its sluggish pace in 2019. 7th February 2019 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jan.) January’s very weak result for house price growth was unexpected, but we don’t think it heralds the start of a sustained decline in prices. Indeed, assuming a Brexit deal is done, we think prices will... 31st January 2019 · 1 min read
UK Housing Market Data Response Mortgage Lending (Dec.) After falling sharply in November, house purchase mortgage approvals fell once more in December – consistent with our weak outlook for lending. Indeed, even if a Brexit deal is agreed by the end of... 30th January 2019 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Dec.) Mortgage approvals suffered a second successive monthly decline in December, suggesting that the outlook for lending remains subdued against a backdrop of high house prices and expected rises in... 25th January 2019 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q4) Credit availability for both commercial and residential property tightened in Q4, and with Brexit uncertainty likely to be extended, that trend looks set to persist. 17th January 2019 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Dec.) December’s RICS data support our view that the housing market will stay weak in 2019. Indeed, with Brexit uncertainty set to be extended, we expect little or no growth in transactions this year. 17th January 2019 · 1 min read
UK Housing Market Data Response UK House Price Index (Nov.) While annual house price growth was broadly flat in November, we expect price inflation to slow across 2019. That will be driven by the high level of house prices and interest rate normalisation, as... 16th January 2019 · 1 min read
UK Housing Market Data Response Housebuilding (Q3) Housing starts surged in Q3, but we doubt that marks the start of a new, upward trend. Indeed, with the wider housing market set to stay weak and Help-to-Buy on the way out, we expect housing starts... 15th January 2019 · 1 min read
UK Housing Market Data Response Halifax House Prices (Dec.) House prices rose by 1.3% in 2018, and we think the weakness in house price growth will persist this year. After all, if a Brexit deal is done, the housing market would still be weighed down by high... 8th January 2019 · 1 min read
UK Housing Market Data Response Mortgage Lending and Nationwide House Prices House price growth and mortgage approvals softened towards the end of 2018 – consistent with our weak outlook for the housing market. Indeed, even assuming that a Brexit deal is struck this year, we... 4th January 2019 · 1 min read
UK Housing Market Data Response UK House Price Index (Oct.) House price growth slowed to its lowest rate since 2013 in October, and we expect that cooldown to continue into 2019. Indeed, even if Brexit deal is struck, we expect annual house price growth of... 19th December 2018 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Nov.) November’s fall in buyer enquiries and sales instructions is consistent with our view that there will be no revival in the housing market next year. Indeed, with the pipeline of housing sales... 13th December 2018 · 1 min read
