UK Housing Market Data Response

Halifax House Prices (May)

House prices recorded another large increase in May as the extension to the stamp duty holiday continued to turbocharge house purchase demand. Timely indicators show that the end of the tax break is...

7th June 2021 · 2 mins read

UK Commercial Property Data Response

IHS Markit/CIPS Construction PMI (May)

Construction output rose further above pre-virus levels in May despite growing shortages of contractors and materials, and high cost inflation.

4th June 2021 · 3 mins read

UK Housing Market Data Response

Mortgage Lending (Apr.)

Mortgage approvals for house purchase rose for the first time since November in April as prospective buyers responded to the extension of the stamp duty holiday. But even before that modest increase...

2nd June 2021 · 2 mins read

UK Housing Market Data Response

Nationwide House Prices (May)

The boost to demand from the extension to the stamp duty holiday caused annual house price inflation to hit a seven-year high in May, and it is set to rise further in June. Thereafter, the end of the...

1st June 2021 · 2 mins read

UK Housing Market Data Response

RICS Residential Market Survey (Apr.)

Extremely high demand and limited supply pushed up house prices sharply in April. The market will undoubtedly cool as the rush to buy during the stamp duty holiday eases. But with mortgage rates low...

13th May 2021 · 2 mins read

UK Housing Market Data Response

Halifax House Prices (Apr.)

A renewed surge in house prices following the extension of the stamp duty holiday drove annual growth in the Halifax house price index up to a five-year high in April. Demand remains very strong, so...

10th May 2021 · 2 mins read

UK Housing

IHS Markit/CIPS Construction PMI (Apr.)

Strong demand for new projects brought further growth in output during April, according to the latest construction PMIs. But there is also growing evidence of cost pressures, though as yet this does...

7th May 2021 · 2 mins read

UK Housing Market Data Response

Mortgage Lending (Mar.)

The surge in mortgage advances to an all-time high in March reflected the rise in housing transaction volumes to their highest level on record in the same month. Meanwhile, despite the extension of...

4th May 2021 · 2 mins read

UK Housing Market Data Response

Nationwide House Prices (Apr.)

House prices regained momentum in April following the extension to the stamp duty holiday. As a result, an acceleration in annual house price growth into double digits over the summer is now all but...

30th April 2021 · 2 mins read

UK Housing

Credit Conditions Survey (Q1 2021)

Robust house price growth and the prospect of a strong economic recovery have caused banks’ risk appetite to return. As a result, banks expect to increase the availability of high LTV loans and reduce...

15th April 2021 · 3 mins read

UK Housing Market Data Response

Halifax House Prices (Mar.)

The rise in house prices recorded by Halifax in March probably marks the start of a renewed surge in house price inflation into double figures over the summer.

9th April 2021 · 2 mins read

UK Housing

IHS Markit/CIPS Construction PMI (Mar.)

A broad-based strengthening in construction activity pushed up the construction PMI to a six-and-a-half-year high in March. Strong housing and logistics development will continue to support...

8th April 2021 · 2 mins read

UK Housing Market Data Response

RICS Residential Market Survey (Mar.)

The extension of the stamp duty holiday has given the ongoing housing market boom renewed momentum and could push house price inflation up from 6% in March well into double figures by the summer.

8th April 2021 · 2 mins read

UK Housing Market Data Response

Nationwide House Prices (Mar.)

The small month-on-month decline in house prices recorded by Nationwide in March probably reflects a temporary softening in demand before the stamp duty holiday was extended. Judging by other...

31st March 2021 · 2 mins read

UK Housing Market Data Response

Mortgage Lending (Feb.)

The rush to beat the original stamp duty holiday deadline in March pushed mortgage advances up to their highest level since 2016 in February. And while approvals for house purchase did start to cool...

29th March 2021 · 2 mins read