UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q4) Very high home mover activity and resilient first-time buyer demand pushed mortgage lending up to its highest level since the financial crisis at the end of last year. It’s become clear that the stamp... 9th March 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Feb.) The easing off in Halifax house price inflation in February marks a contrast with Nationwide’s more upbeat figure. Nonetheless, house prices appeared to be holding onto their 2020 gains even when... 5th March 2021 · 2 mins read
UK Housing IHS Markit/CIPS Construction PMI (Feb.) The rebound in the construction PMI in February suggests that the dip in activity in January was due to heavy rainfall rather than any deterioration in demand. While residential activity continues to... 4th March 2021 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Feb.) The unexpected rise in the Nationwide house price index in February adds to the growing pile of evidence that the stamp duty holiday is just one of several reasons behind the recent surge in sales and... 2nd March 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jan.) Mortgage approvals remained at very high levels in January as buyers hoped to take advantage of the stamp duty holiday. But there are growing signs that demand may be resilient to the end of the tax... 1st March 2021 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jan.) The January RICS survey suggests that the housing market has embarked on the next leg of its journey through the pandemic. The lockdown and the looming end of the stamp duty holiday have caused a... 11th February 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jan.) The drop in the Halifax house price index in January confirmed that the turn of the year coincided with a change of momentum in house prices. We expect house prices to continue to drop back over the... 5th February 2021 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jan.) The construction industry outperformed the rest of the economy in 2020 by being the first and only sector to see output recover to its pre-virus level. But the unexpected dip in the construction PMI... 4th February 2021 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jan.) The small drop in Nationwide house prices in January, the first since June last year, is an early sign of the reversal in the 2020 house price surge we expect to see this year as the stamp duty... 2nd February 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Dec.) The strongest December since 2006 took total mortgage approvals in 2020 above their 2019 level. We still think that approvals will slump when the stamp duty holiday ends, but there are some tentative... 1st February 2021 · 2 mins read
UK Commercial Property Data Response Credit Conditions Survey (Q4 2020) Very strong demand allowed banks to maintain tight lending standards in Q4 2020 while still increasing mortgage lending volumes. Of course, buyer demand is likely to drop sharply when the stamp duty... 21st January 2021 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Dec.) Sales and prices rose further in December, but there were clear signs that momentum was waning even before the new lockdown was imposed. Indeed, with the end of the stamp duty holiday looming, most... 14th January 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Dec.) 2020 may well have been the strangest year for the housing market since the Halifax house price index began in 1983. Despite the biggest drop in GDP since 1709, house prices rose by 7% y/y in Q4, the... 8th January 2021 · 2 mins read
UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Dec.) The seventh consecutive construction PMI reading of over 50 in December mainly reflected a continued strong recovery in housing activity. The rebound in construction of commercial property has already... 7th January 2021 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Nov.) The increase in mortgage approvals for house purchase to over 100,000 for the first time since August 2007 underlines the remarkable strength of housing market activity. If moving house continues to... 4th January 2021 · 2 mins read
UK Housing Market Data Response RICS Residential Market Survey (Nov.) After mortgage approvals hit a 13-year high in October, surveyors reported that sales rose yet further in November to what they expect to be the high-water mark. With the outlook for employment shaky... 10th December 2020 · 2 mins read
