UK Housing Market Data Response Mortgage Lending (Jul) As expected and in line with BBA data for July, mortgage approvals rebounded slightly from June’s 18-month low, when lending was constrained by special factors. But the poor economic outlook argues... 30th August 2012 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (July) Once again, strong price rises in London drove July’s rise in national average house prices. But with prices in the North continuing to fall, the North/South divide is growing ever wider. 29th August 2012 · 1 min read
UK Data Response BBA Mortgage Lending (Jul.) As expected, June’s unexpectedly large drop in mortgage approvals was partially reversed in July. But the rise was small, and these figures continue to highlight that tight credit conditions are... 23rd August 2012 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Jul.) Activity in the housing market declined again in July, with a particularly large fall in newly agreed sales. Although demand and supply remain fairly well balanced, surveyors continue to expect... 14th August 2012 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Jul.) Tenant demand growth continued to soften over the second quarter of 2012, but given a slight drop in letting instructions surveyors still expect rents to grow modestly. Very weak demand in London may... 10th August 2012 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q2) Any adverse effects from the deepening recession appear to have been more than offset by lender forbearance, allowing the level of mortgage arrears to hold steady and fewer homes to be possessed in... 9th August 2012 · 1 min read
UK Housing Market Data Response CML Buy-To-Let Lending (Q2) Lending to the Buy-to-Let sector was rather stronger than for the mainstream market in the second quarter of this year. That seems consistent with reports that, although the strength of tenant demand... 9th August 2012 · 1 min read
UK Housing Market Data Response Halifax House Prices (July) Mixed messages in the housing market over the past few months are slowly giving way to evidence of a downwards trend. With forward-looking indicators also weak and if anything softening, house prices... 6th August 2012 · 1 min read
UK Housing Market Data Response Nationwide House Prices (July 12) A further month of house price falls provides more evidence that the market maybe shifting from a flat to a downwards trend. Although a clear picture of widespread house prices declines is yet to... 1st August 2012 · 1 min read
UK Housing Market Data Response Mortgage Lending (June) Even allowing for the potentially negative impact of the Jubilee Holiday and the bad weather, June’s mortgage lending data were undeniably weak. Unfortunately, the poor economic backdrop argues that a... 30th July 2012 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (June) House prices rose far more slowly in the second quarter than in the first. Thus the upswing in the Land Registry measure of house price inflation is likely to be reversed before long. 27th July 2012 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (June) June’s slump in mortgage approvals may well have been exaggerated by the Diamond Jubilee celebrations at the start of the month. Even so, with approvals at their lowest level since January 2009, it... 24th July 2012 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Jun.) The further deterioration in housing market demand in June was met with a broadly offsetting decline in supply. Nevertheless, a growing proportion of surveyors are reporting that house prices are... 10th July 2012 · 1 min read
UK Data Response Halifax House Prices (June) The 1%m/m rise in the Halifax index in June does little to alter the underlying trend which shows that house prices are grinding lower, albeit only slowly. 5th July 2012 · 1 min read
UK Data Response Mortgage Lending (May) May’s decline in mortgage approvals was surely related to the fact that lenders are once again reducing the availability of mortgage credit. Against a backdrop of renewed recession in the UK and the... 3rd July 2012 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (May) The North/South house price split widened further in May. On an annual comparison, house prices rose strongly in London and there were smaller gains in the East and South East. Elsewhere, house price... 2nd July 2012 · 1 min read
