UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) The availability of credit in both the residential and commercial property markets fell in Q2. And because of tight wholesale funding conditions, surely related to problems in the euro-zone, lenders... 28th June 2012 · 1 min read
UK Housing Market Data Response Nationwide House Prices (June) On its own, the latest modest drop in the Nationwide house price index is not hugely significant. But since the turn of the year, the picture of flat house prices seems to have given way to a new... 28th June 2012 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (May) May’s mortgage lending data were unambiguously weak and offered further grounds for concern about the impact that the escalating euro-zone crisis is having on both UK confidence and credit conditions... 27th June 2012 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (May) The recent, modest improvement in sales instructions and new buyer enquiries seemed to grind to a halt in May. Add in a drop in both agreed and completed sales and the main message from May’s RICS... 12th June 2012 · 1 min read
UK Data Response Halifax House Prices (May) The small rise in the Halifax house price index for May seems to be in keeping with other evidence that house prices are stuck in a rut, at least at the national level. 7th June 2012 · 1 min read
UK Data Response Nationwide House Prices (May) Today’s data from the Nationwide show that house prices continue to tread water. In terms of the outlook, however, downside risks, such as further falls in GDP, dominate the upside. We continue to... 31st May 2012 · 1 min read
UK Data Response Mortgage Lending (Apr.) The Bank of England measure of mortgage approvals for April does nothing to change the picture of a depressed mortgage market. With escalating tensions in the euro-zone likely to curb further the... 30th May 2012 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Apr.) The Land Registry repeat sales index of average house prices edged lower for the second consecutive month in April. But for now the renewed signs of weakness are more evident in the North of England... 29th May 2012 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Apr.) The growth of tenant demand continued to ease at the start of 2012, but not by enough to slow the modest upward path of rents. Nevertheless, falling real pay points to rental value growth slowing... 25th May 2012 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Apr.) Fears of further rises in mortgage interest rates appear to have prompted a rise in the number of households seeking to remortgage in May. But those same fears are doubtless contributing to the low... 24th May 2012 · 1 min read
UK Housing Market Data Response CML Buy-To-Let Lending (Q1) The first fall in new buy-to-let mortgage volumes in five quarters suggests that the recession is taking its toll on landlords. Buy-to-let lending may well contract further later this year, although... 10th May 2012 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q1) The latest rise in the number of households with mortgage arrears equivalent to at least 10% of their outstanding mortgage balance underlines how important lender forbearance has been in limiting the... 10th May 2012 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Apr.) The RICS Survey for April suggests that, in the early stages of the second quarter, most measures of housing market activity and pricing pressures softened from an already weak starting point. 8th May 2012 · 1 min read
UK Data Response Halifax House Prices (Apr.) April’s slump in the Halifax house price index must be taken with a large pinch of salt. The underlying trend in house prices is soft, and will almost certainly soften further. But, for now, it is... 4th May 2012 · 1 min read
UK Data Response Nationwide House Prices (Apr.) The underlying trend in house prices has softened notably in the past five months. That seems consistent with reports that mortgage credit conditions are tightening and that the economy is now back in... 3rd May 2012 · 1 min read
UK Data Response Mortgage Lending (Mar.) The post-stamp duty holiday downturn in mortgage approvals for new house purchase may have come to an end in March. But we are doubtful that mortgage lending will now mount a sustained recovery. 2nd May 2012 · 1 min read
