UK Housing Market Data Response FSA Mortgage Lending Statistics (Q4) The latest FSA mortgage lending statistics suggest that credit criteria tightened marginally in the fourth quarter. A lack of lending at higher loan-to-value ratios will continue to drag on activity... 15th March 2011 · 1 min read
UK Data Response RICS Housing Survey & BRC Retail Sales (Feb.) House prices fell a little further in February and activity levels remained static at depressed levels. Consistent with that, the BRC survey brought further evidence that the squeeze on household... 8th March 2011 · 1 min read
UK Data Response Halifax House Prices (Feb.) The latest decline in the Halifax house price index underlines that the pressures weighing on prices are still very much with us. If, as we expect, these pressures build this year – for example, if... 4th March 2011 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Jan.) Strong demand and another fall in supply meant that rents continued their upward trend in the three months to January. But that trend is likely to moderate during 2011 as the worsening sales... 3rd March 2011 · 1 min read
UK Data Response Nationwide House Prices (Feb.) & Mortgage Lending (Jan.) This morning’s data paints a picture of a housing market that is struggling for direction. But while the pace of any further falls is hard to judge, with mortgage demand so low, February’s modest rise... 1st March 2011 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jan.) The small gain in house prices in January is unlikely to signal an end to the weakening trend in house prices. Indeed, if our economic forecasts are correct, the downward pressures on house prices are... 28th February 2011 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jan.) The marginal rise in total mortgage lending in January is not particularly encouraging, given that its makes up only one-quarter of the previous month’s fall. Weak demand and hefty refinancing... 23rd February 2011 · 1 min read
UK Housing Market Data Response CML Buy-To-Let Lending (Q4) Buy-to-let (BTL) lending ended 2010 on a comparatively strong note. But the data were not quite as strong as they seem at first sight. 10th February 2011 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q4) While the number of arrears and possessions cases fell in the fourth quarter, the ongoing squeeze on household incomes from tax rises and public spending cuts, as well as the likelihood of a further... 10th February 2011 · 1 min read
UK Housing Market Data Response RICS Housing Survey & BRC Retail Sales (Jan.) Unlike consumer spending, the housing market began the year on a weak footing. Indeed, the drop in completed sales and another drop in buyer enquiries means that January’s improvement in the RICS past... 8th February 2011 · 1 min read
UK Data Response Halifax House Prices (Jan.) The bounce in house prices in January is unlikely to signal the start of a rising trend. With the economic fundamentals of the housing market still very weak, the most likely scenario is for house... 4th February 2011 · 1 min read
UK Data Response Nationwide House Prices (Jan.) & Mortgage Lending (Dec.) The renewed falls in mortgage market activity are weighing on house prices. With lending unlikely to pick up significantly this year, due to constraints on both supply and demand, recent falls in... 1st February 2011 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Dec.) The latest data from the Land Registry are further evidence of the anaemic state of the housing market. Rising unemployment and tight credit conditions are likely to mean that transaction levels... 31st January 2011 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Dec.) The continued decline in mortgage activity in December capped off a weak year for lending to the housing market. The prospect of sluggish economic growth and subdued demand means that 2011 is unlikely... 26th January 2011 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Dec/Nov) Activity and house prices both softened in December. Although the drop in sales instructions was particularly striking, it does not necessarily follow that supply shortages will underpin house prices... 18th January 2011 · 1 min read
UK Data Response Halifax House Prices (Dec.) According to the Halifax, house prices recorded a modest decline in the year to December 2010. With the pressures on house prices still building, we anticipate that prices will fall considerably... 10th January 2011 · 1 min read
