UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Aug.) The further easing in the construction PMI in August was due to materials shortages rather than any softening in demand. In view of the wider interest, we are also sending this UK Commercial Property... 6th September 2021 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Aug.) The unexpectedly large rise in house prices in August is yet another reason to think that house price growth will shrug off the end of the stamp duty holiday. It also suggests our forecast that house... 1st September 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jul.) Mortgage approvals continued to fall back in July as the stamp duty holiday was tapered, but they remained above pre-COVID-19 levels. Timely indicators suggest that demand will be resilient even when... 31st August 2021 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jul.) Despite new buyer enquiries dropping back in July, house prices continued to rise as buyers competed for limited stock. 12th August 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jul.) Halifax house prices returned to growth on a monthly last month, partly reversing a weak June figure. But the underlying trend, as the stamp duty discount is phased out, is for a modest slowdown... 6th August 2021 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jul.) July’s construction PMI figure was slightly disappointing compared with the previous month’s highs. But it continued to point to robust activity and we think any dip is most likely a reflection of... 5th August 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jun.) A surge in borrowing ahead of the tapering of the stamp duty holiday in July saw new mortgage lending set a fresh record high. Meanwhile, robust mortgage approvals pointed to activity remaining strong... 29th July 2021 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jul.) The drop back in the Nationwide house price inflation in July suggests that the tapering of the stamp duty holiday has taken a little heat out of the market. But as the tax break was just one of many... 28th July 2021 · 2 mins read
UK Housing Credit Conditions Survey (Q2 2021) A further easing of concerns about the outlook for property prices and the economy suggests that mortgage lending conditions will continue to improve. That will help ensure that house prices are... 15th July 2021 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jun.) Activity and house prices were extremely strong again in June according to the RICS survey, although there was a distinct softening in the more forward-looking balances. As supply remains limited, we... 8th July 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jun.) While we would be wary of reading too much into the small decline in house prices in June reported by Halifax, timely measures of house prices are consistent in pointing to a moderation in house price... 7th July 2021 · 2 mins read
UK Housing IHS Markit/CIPS Construction PMI (Jun.) Despite a further deterioration in the availability of building materials, construction output rose at the fastest pace since 1997 in June. That suggests output in the sector is now well above pre... 6th July 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (May) The tick up in mortgage approvals for house purchase in May left them 33% above pre-virus norms, and timely indicators suggest that mortgage lending will remain robust despite the looming end of the... 29th June 2021 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jun.) House prices recorded a fifth consecutive monthly rise in June, the final month before the stamp duty threshold begins to return to its usual level. There are few signs of market dynamics changing... 29th June 2021 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (May) The looming end of the stamp duty holiday has only applied the slightest dab to the brakes of the housing market thus far. But while the new buyer enquiries started to ease, sales instructions fell... 10th June 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q1 21) The rise in mortgage lending to its highest level since the financial crisis in Q1 was driven by a huge increase in existing homeowners moving. As a result, the 9% y/y increase in house prices... 8th June 2021 · 2 mins read
