UK Commercial Property Rapid Response

S&P Global/ CIPS Construction PMI (Nov. 24)

The headline CIPS construction PMI increased to 55.2 in November, from 54.3 in October, indicating an expansion of construction activity.

5th December 2024 · 1 min read

UK Housing Market Rapid Response

UK Nationwide House Prices (Nov. 2024)

November’s surprisingly large rise in the Nationwide house price index suggests the housing market is picking up momentum despite recent rises in mortgage rates. With housing affordability still...

2nd December 2024 · 3 mins read

UK Economics Rapid Response

UK Money & Lending (Oct. 2024)

October’s money and lending figures suggest that Budget worries prompted households to become more cautious with their borrowing and saving. Moreover, November’s weak activity data suggest the tax...

29th November 2024 · 3 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (Oct. 2024)

October’s 0.2% m/m rise in Halifax house prices suggests that the recent momentum in house prices has a bit further to run. And while the recent rises in swap rates suggest mortgage rates will soon...

7th November 2024 · 4 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (Oct. 2024)

October’s 0.1% m/m rise in Nationwide house prices was a bit weaker than expected (consensus forecast +0.3% m/m, CE +0.4% m/m) and suggests that the recent falls in mortgage rates may be providing...

1st November 2024 · 3 mins read

UK Economics Rapid Response

Despite large rise in taxes, Budget still boosts economy

This Budget is big, both in the way it defines the government’s plans and the money it raises and spends. The key point is that it loosens fiscal policy relative to previous plans and is therefore...

30th October 2024 · 3 mins read

UK Economics Rapid Response

UK Money & Lending (Sep. 2024)

Although consumer confidence has fallen ahead of the Budget, there is little evidence in September’s money and lending figures that Budget worries are having a big influence on households’ financial...

29th October 2024 · 3 mins read

UK Housing Market Rapid Response

Halifax House Prices (Sep. 2024)

The third consecutive monthly rise in the Halifax house price index in September provides further evidence that the falls in mortgage rates are supporting demand and pushing up house prices.

7th October 2024 · 3 mins read

UK Commercial Property Rapid Response

S&P Global/CIPS Construction PMI (Sep 24)

The headline CIPS construction PMI rebounded to a 2½ year high of 57.2 in September as the prospect of lower interest rates, rising capital values and a government committed to boosting home...

4th October 2024 · 1 min read

UK Economics Rapid Response

UK Money & Lending (Aug. 2024)

August’s money and lending data provide further evidence that the gradual improvement in credit demand and supply in response to the falls in lending rates is supporting the economy. But the Bank of...

30th September 2024 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Price Index (Sep. 2024)

September’s 0.7% m/m rise in Nationwide house prices suggests that August’s 0.2% m/m fall was just a blip and that the recent falls in mortgage rates are supporting house prices. What’s more, the...

30th September 2024 · 3 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (Aug. 2024)

The second consecutive monthly rise in the Halifax house price index in August supports our view that the fall in the Nationwide house price index in the same month was a blip and isn’t the start of...

6th September 2024 · 3 mins read

UK Commercial Property Rapid Response

S&P Global/CIPS Construction PMI (Aug 24)

The headline CIPS construction PMI edged back in August, but at 53.6 it remained in expansionary territory for the sixth consecutive month.

5th September 2024 · 1 min read

UK Economics Rapid Response

UK Money & Lending (Jul. 2024)

July’s money and lending data provide further evidence that a steady improvement in the flow and demand of credit is supporting the economic recovery. That said, credit growth is unlikely to...

30th August 2024 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Price Index (Aug. 2024)

Despite the recent declines in mortgage rates, the small fall in the Nationwide house price index in August suggests affordability constraints on households continue to bite. But the further drop in...

30th August 2024 · 3 mins read