UK Data Response Halifax House Prices (Oct.) October’s rise in the Halifax house price index was widely expected, given the size of the previous month’s drop. Moreover, although far stronger than consensus estimates for a 0.6% rise, the... 4th November 2010 · 1 min read
UK Housing Market Data Response Mortgage Lending (Sep.) The latest small fall in mortgage approvals reinforces the picture of a severely depressed lending market. We do not expect mortgage lending to recover significantly next year. 29th October 2010 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Sep.) The second consecutive monthly drop in the Land Registry measure of house prices is further evidence that the devaluation is becoming more embedded. The fact that house prices are still overvalued... 28th October 2010 · 1 min read
UK Data Response Nationwide House Prices (Oct.) The Nationwide house price index fell for the third time in four months in October. As such, the data suggest that the key question facing the market is no longer “Will house prices fall?” but rather... 28th October 2010 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Sep.) The most recent lending data from the BBA showed that the contraction in mortgage lending continued in September. With confidence in the outlook for the housing market still very weak, among lenders... 25th October 2010 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Sep/Aug) There was some better news in September’s RICS housing market survey, but not much as rising new instructions and a lack of buyers combined to push both house prices and house price expectations lower... 12th October 2010 · 1 min read
UK Data Response Halifax House Prices (Sep.) The hefty drop in the Halifax measure of house prices adds weight to the view that house price weakness is far from over. To our minds, weak housing market activity indicators mean that further falls... 7th October 2010 · 1 min read
UK Housing Market Data Response Credit Conditions Survey (Q3) The Bank of England’s latest survey suggested that while credit conditions are continuing to thaw, the process remains very gradual. We do not expect lending growth to pick up pace any time soon. 30th September 2010 · 1 min read
UK Data Response Nationwide House Prices (Sep.) House prices were more or less stable in September. Although it may appear that prices are stagnating at the moment, the renewed falls in mortgage market activity suggest that further declines in... 30th September 2010 · 1 min read
UK Data Response Mortgage Lending (Aug.) The latest mortgage lending statistics from the Bank of England show that mortgage market activity weakened once again in August. Declining buyer demand means that approvals could drop even further... 29th September 2010 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Aug.) Coming after several recent reports of renewed falls in house prices, the latest rise in the Land Registry Repeat Sales Index only serves to highlight the uncertainty around the housing market at the... 28th September 2010 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Aug.) The August lending data from the BBA was always likely to add to the picture of a subdued mortgage market. But the significant fall in mortgage approvals for house purchase only adds to the evidence... 23rd September 2010 · 1 min read
UK Housing Market Data Response FSA Mortgage Lending Statistics (Q2) FSA lending data released late this morning will do little to lift the cloud hanging over the housing market. While arrears and possessions improved again, there were some signs that credit conditions... 14th September 2010 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Aug/Jul) Much of the recent housing market data has offered conflicting signals. But the latest RICS housing market survey presents an unambiguously weak picture of both housing market activity and house... 14th September 2010 · 1 min read
UK Data Response Halifax House Prices (Aug.) The latest rise in the Halifax measure of house prices does little to settle the debate about the house price outlook. But the fact that house prices continue to fall on a quarterly basis seems... 8th September 2010 · 1 min read
UK Data Response Nationwide House Prices (Aug.) October’s rise in the Halifax house price index was widely expected, given the size of the previous month’s drop. Moreover, although far stronger than consensus estimates for a 0.6% rise, the... 2nd September 2010 · 1 min read
