UK Housing Market Data Response RICS Residential Market Survey (Nov.) There was no sign of any let up in the house price boom in November as new buyer enquiries rose again. Another strong survey also suggests that the market could continue to run hot for some time... 9th December 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Nov.) The Halifax house price index suggests that not only did the end of the stamp duty holiday fail to dent the market, but that house price growth has since accelerated to a post-financial crisis high. 7th December 2021 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Nov.) House prices recorded another above-consensus gain in November as strong buyer demand bid prices up further. There is little sign of that dynamic changing anytime soon, so we expect the consensus... 1st December 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Oct.) Mortgage approvals remained robust in October after the end of the stamp duty holiday, only easing back into line with their pre-pandemic average. With demand strong, we suspect that mortgage... 29th November 2021 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Oct.) Rather than representing a “rush before mortgage rates rise”, we suspect that the rise in new buyer interest in October will prove durable. With inventory very limited, that points to house prices... 11th November 2021 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Oct.) Construction firms reported that activity strengthened in October despite higher costs and continued difficulty sourcing materials. The big picture is that until those constraints ease construction... 4th November 2021 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Oct.) Yet another upside surprise in house prices last month confirmed that the end of the stamp duty holiday in September did little to cool the market. We expect house prices to continue to beat... 3rd November 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Sep.) Unsurprisingly, mortgage lending spiked in September as buyers rushed to complete before the stamp duty taper period ended. More notable is the resilience of mortgage approvals, suggesting that the... 29th October 2021 · 2 mins read
UK Commercial Property Data Response Credit Conditions Survey (Q3 2021) An ongoing improvement in credit availability may offset the increase in Bank Rate we expect in 2022. That offers support to our forecast that mortgage rates will remain low. 14th October 2021 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Sep.) The RICS survey suggests that the housing market has shrugged off the deterioration in sentiment about the broader economy so far. Demand stabilised at a high level in September while stock remained... 14th October 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Sep.) The large rise in the Halifax house price index in September suggests that we are right to think that robust demand and limited inventory will mean that prices record further gains after the stamp... 7th October 2021 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Sep.) The further drop in the construction PMI in September suggested that the recovery in construction has faltered amid a severe lack of materials and staff, spiralling costs, and softening demand. 6th October 2021 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Sep.) The only small gain in house prices in September suggests that house price growth slowed as the stamp duty holiday was withdrawn. But with inventory limited and demand resilient, we suspect that house... 30th September 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Aug.) While still above pre-COVID-19 levels mortgage approvals edged down in August, suggesting no great rush to move before the stamp duty holiday taper ends at the end of September. But an increase in the... 29th September 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q2 21) The further surge in mortgage lending to a fresh post-financial-crisis high and booming house prices begs the question whether there is over-exuberance in the housing market. But as the surge has been... 14th September 2021 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Aug.) While demand continued to soften in August limited stock on the market points to house price inflation remaining high in the near term. And despite the end of the stamp duty holiday, surveyors expect... 9th September 2021 · 2 mins read
