UK Housing Market Data Response UK Finance Mortgage Lending (Jan.) January’s surge in mortgage approvals is not the sign of the market springing back to life, but simply a reversal of the distortions caused by November’s rate hike. The outlook for lending this year... 26th February 2018 · 1 min read
UK Housing Market Data Response UK House Price Index (Dec.) House price growth was slow and steady last year, with London seeing the most notable slowdown. With prices in the capital so high, we think London will continue to underperform. 13th February 2018 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jan.) Housing market activity weakened in January, as high house prices continued to depress buyer demand. Indeed, with newly agreed sales still falling, buyers and sellers appear to be in a stand-off –... 8th February 2018 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jan.) House price inflation cooled to 2.2% on the Halifax index. And with interest rates starting to rise and real wages still falling, we think house price growth will hold at this level throughout 2018. 7th February 2018 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jan.) The Nationwide measure of house price inflation edged up to 3.2% in January. But with prices high and the activity data weakening, there are few reasons to expect accelerating house price growth in... 1st February 2018 · 1 min read
UK Housing Market Data Response Mortgage Lending (Dec.) Mortgage approvals slumped in December, supporting our view that the sharp easing in house price pressures seen over the last year is here to stay. 30th January 2018 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Dec.) Both remortgaging and house purchase lending fell sharply in December, marking a downbeat end to 2017. But there is little evidence to suggest these falls are the start of a sharp downward trend. 25th January 2018 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Dec.) There were few signs in December’s RICS survey that the housing market slowdown is about to end. Both new buyer enquiries and new sales instructions fell. And the decline in newly agreed sales is... 18th January 2018 · 1 min read
UK Housing Market Data Response UK House Price Index (Nov.) The official index recorded house price growth of 5.1% y/y in November – faster than the other indices. But, consistent with elsewhere, prices in London performed the worst of all the regions. 16th January 2018 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q4) Mortgage credit availability edged up in Q4, while the supply of credit for commercial property held steady. But while conditions for households are expected to improve further in Q1, commercial... 11th January 2018 · 1 min read
UK Housing Market Data Response Halifax House Prices (Dec.) Annual house price growth ended 2017 at 2.7% – broadly in line with our forecast. With house prices very high relative to incomes and interest rates due to rise further this year, we think house price... 8th January 2018 · 1 min read
UK Housing Market Data Response Mortgage Lending and Nationwide House Prices While mortgage approvals edged up in November, lending nonetheless remains weaker than a year ago. Meanwhile, house price growth stayed sluggish in December – at a level that is in line with our... 4th January 2018 · 1 min read
UK Housing Market Data Response Housebuilding (Q3) Housing starts dropped for the second consecutive quarter in Q3 2017, suggesting that the weakness of the wider market may be starting to take its toll on the housebuilding recovery. 19th December 2017 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Nov.) With demand and agreed sales still falling, there is little hope of a revival in the housing market before the end of the year. But with the economic backdrop set to improve, a gentle recovery in... 14th December 2017 · 1 min read
UK Housing Market Data Response UK House Price Index (Oct.) and MLAR statistics (Q3) House price growth cooled according to the official house price index. And a fall in the number of buyers with high LTI loans supports our view that house price growth will remain subdued. 12th December 2017 · 1 min read
UK Housing Market Data Response Halifax House Prices (Nov.) While the headline rate slowed, some shorter-term comparisons imply that house prices may be gaining renewed momentum. But gains on the other main indices remain more muted. And rising interest rates... 7th December 2017 · 1 min read
