UK Commercial Property Data Response S&P Global/CIPS Construction PMI (May) The second consecutive fall in the construction PMI in May points to a sustained slowdown in development activity. And with the new orders balance easing and optimism of future demand declining, a... 8th June 2022 · 2 mins read
UK Housing Market Data Response Halifax House Prices (May) The slight easing in the Halifax measure of annual house price inflation reflects an outsize increase in prices a year earlier rather than any loss of momentum. But there are signs that rising... 8th June 2022 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (May) There was another slowdown in the annual rate of house price inflation in May according to the Nationwide. That was in line with our expectation of sustained slowdown through the rest of the year... 1st June 2022 · 2 mins read
UK Housing Market Data Response Mortgage Lending (May.) The drop in mortgage approvals in April provided early evidence that interest rate increases are starting to hurt activity. As we expect the rises in both policy and mortgage rates to continue apace... 31st May 2022 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Apr.) The housing market shrugged off the effects of rising mortgage rates and the cost-of-living crisis in April as intense competition between buyers bid up prices further. However, with mortgage rates... 12th May 2022 · 2 mins read
UK Commercial Property Data Response S&P Global/CIPS Construction PMI (Apr.) The construction PMI for April showed that building activity remained solid, but that the pace of growth has slowed. An easing in new orders growth also hints at a further slowdown ahead, as the... 6th May 2022 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Apr.) In contrast to Nationwide’s measure of house price inflation, there was no sign of house price growth slowing in the Halifax figures for April. But with mortgage rates only just starting to climb to... 6th May 2022 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Apr.) Unchanged mortgage approvals in March showed that the housing market remained buoyant throughout the first quarter. But the emerging trend of rising mortgage rates on new loans rising will only... 4th May 2022 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Apr.) The slowdown in house price inflation in April adds to signs that the housing market is beginning to cool and suggests that the peak in house price inflation is now behind us. We expect house prices... 29th April 2022 · 2 mins read
UK Commercial Property Data Response Credit Conditions Survey (Q1 2022) Banks expect mortgage availability to fall back in Q2 as lenders push up borrowing rates to reflect increases in Bank Rate, but other lending criteria are expected to be stable or loosen. 14th April 2022 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Mar.) The latest RICS survey brought early signs that, having been a sellers’ market for the past two years, the balance is shifting. That suggests we are right to expect a moderation in house price growth... 14th April 2022 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Mar.) Another large jump in house prices in March kept Halifax’s measure of house price inflation comfortably in double figures. With competition between buyers still intense, house price inflation could... 7th April 2022 · 2 mins read
UK Commercial Property Data Response S&P Global/CIPS Construction PMI (Mar.) The continued strength of the construction PMI in March suggests that activity in the sector increased despite ongoing headwinds from supply constraints and cost inflation. The rise in new orders... 6th April 2022 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Mar.) The acceleration in house price growth to an 18-year high of 14.3% will add to concerns that the pandemic housing market boom is getting out of hand. With mortgage rates rising, house price inflation... 31st March 2022 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Feb.) Higher than usual home moving activity ensured that mortgage approvals remained substantially above pre-virus levels in February. But the decline compared to January could be an early sign that rises... 29th March 2022 · 2 mins read
