UK Housing Market Data Response Land Registry Repeat Sales Index (Mar.) March’s drop was not enough to prevent average house prices in England and Wales from recording a modest rise during the first quarter. But with the economy seemingly now back in recession and... 1st May 2012 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Mar.) March’s drop in mortgage approvals gives further weight to the idea that housing demand at the turn of the year was artificially boosted by the stamp duty holiday. If extended, March’s rise in... 26th April 2012 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Mar.) Surveyors are reporting that supply and demand are in balance and that the pace of house price falls is moderating. Yet once the temporary boost to housing activity from the stamp duty holiday fades... 10th April 2012 · 1 min read
UK Data Response Halifax House Prices (Mar.) The sharp rise in the Halifax house price index in March simply reverses the dip seen since last July. Therefore, it does little to alter the picture of a housing market that remains very weak. 4th April 2012 · 1 min read
UK Housing Market Data Response Mortgage Lending & Credit Conditions (Feb/Q1) February’s sharp drop in mortgage approvals was no doubt partly driven by the end of the stamp duty holiday last weekend. But the fact that banks tightened credit scoring criteria in the first quarter... 29th March 2012 · 1 min read
UK Data Response Nationwide House Prices (Mar.) The Nationwide house price index recorded its largest drop in two years in March, suggesting that our forecast of a 5% drop during 2012 remains on track. 29th March 2012 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Feb.) Today’s Land Registry data highlight both the strength of house prices in London as well as their weakness in the North East. That divergence might well increase further this year, but we remain... 23rd March 2012 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Feb.) February’s drop in mortgage approvals is likely to reflect a combination of factors - the looming end of the stamp duty holiday, weak consumer confidence and, potentially, a more cautious mood among... 23rd March 2012 · 1 min read
UK Housing Market Data Response FSA Mortgage Lending Statistics (Q4) Mortgage credit conditions did not loosen materially in the final quarter of last year, suggesting that without the temporary support to housing market activity from the stamp duty holiday, mortgage... 13th March 2012 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Feb/Jan) The rise in activity generated by the approaching end of the stamp duty holiday appears to have boosted house price expectations. Whether this is sustained or not is likely to depend on whether the... 13th March 2012 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Jan.) Today’s RICS survey shows a significant drop in the pace of residential rental growth and thus seems to support our view that affordability constraints in the sector are beginning to bite. 7th March 2012 · 1 min read
UK Data Response Halifax House Prices (Feb.) On its own, the latest dip in house prices is nothing to be too concerned about. But with mortgage interest rates edging up again and unemployment still rising, the downward trend in prices is likely... 6th March 2012 · 1 min read
UK Data Response Nationwide House Prices (Feb.) Following falls in December and January, the modest rise in the Nationwide house price index in February is symptomatic of a market that is still struggling for direction. Given that prices are still... 1st March 2012 · 1 min read
UK Data Response Mortgage Lending (Jan.) Mortgage approvals are being driven higher by the looming end of the first-time buyer stamp duty holiday and are likely to fall back sharply come April. Thereafter, rising unemployment and falling... 29th February 2012 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jan.) Given other house price reports already in, January’s jump in the Land Registry house price index was a little surprising. However, given the volatility of the monthly data and the fact that December... 28th February 2012 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jan.) Mortgage approvals for house purchase made by the major banks hit a two-year high in January. But unless they are mirrored in the more comprehensive Bank of England data released next week, they may... 23rd February 2012 · 1 min read
