UK Housing Market Update London Housing Chart Book - London set to underperform House price growth in London has held up reasonably well in the aftermath of the EU referendum. But the bigger picture is that the capital is in the midst of an internal adjustment. Outer London has... 30th November 2016 · 1 min read
UK Housing Market Update Stress tests to put pressure on buy-to-let LTVs The introduction of the buy-to-let stress test should have little near-term impact. But in the longer term, the effect of the test on mortgage volumes will be amplified by the removal of mortgage... 18th November 2016 · 1 min read
UK Housing Market Update London housebuilding wobbles in Q3 London saw a sharp drop in housing starts during Q3, as builders paused to assess the Brexit vote’s effect on an already slowing market. But with the effect of the referendum looking comparatively... 8th November 2016 · 1 min read
UK Housing Market Update How much cheaper can high LTV lending get? Our calculations suggest that there is plenty of room for competitive pressures to narrow the spread between high LTV and mainstream mortgages. That said, with banks looking cautious ahead of Brexit... 24th October 2016 · 1 min read
UK Housing Market Update Help to Buy won’t be missed Help-to-Buy: mortgage guarantee successfully kick-started the market for high LTV mortgages back in 2014. But such loans are now increasingly provided without government support. As a result, we think... 29th September 2016 · 1 min read
UK Housing Market Update BBA Mortgage Lending (Aug.) The first snapshot of mortgage lending in August shows that the drop in buyer enquiries and agreed sales seen in the run up to June’s EU referendum and in its aftermath is still feeding through to the... 26th September 2016 · 1 min read
UK Housing Market Update Housing market confidence returns Today’s data from Knight Frank is further evidence that confidence in the housing market has recovered following the referendum. This, alongside the data released so far, suggests that the effect of... 23rd September 2016 · 1 min read
UK Housing Market Update Have lenders become more cautious? Following a sharp dip in the run-up to and immediately following the referendum, buyer confidence in the UK housing market looks to be stabilising. But there are indications of reduced risk appetite... 22nd September 2016 · 1 min read
UK Housing Market Update Central boroughs lead London slowdown Growth in the capital’s asking prices has slowed sharply in recent months, driven primarily by a weak performance in the central boroughs. With London’s housing market facing headwinds from high... 21st September 2016 · 1 min read
UK Housing Market Update Have policymakers tamed BTL? The fact that buy-to-let lending is now running at barely half last year’s levels could be a sign that policymakers have succeeded in choking-off demand. But we think the fact that BTL lending grew in... 20th September 2016 · 1 min read
UK Housing Market Update Construction PMI does not change the outlook for housebuilding The rebound in the construction PMI, and, in particular, the housebuilding component, is a welcome development. But on its own, it will not prevent housebuilding from taking a backwards step in the... 2nd September 2016 · 1 min read
UK Housing Market Update Are rental affordability constraints starting to bite The growth rate of private residential rents has slowed in recent months, driven primarily by London. We think this is a sign that affordability constraints are starting to bite in the capital. But... 26th August 2016 · 1 min read
UK Housing Market Update Lower rates to prop up Buy-to-Let demand Lower interest rates will do little to help frustrated first-time buyers get onto the housing ladder. But they will ensure that the income returns offered by BTL investments continue to be relatively... 12th August 2016 · 1 min read
UK Housing Market Update Will the MPC inject fresh life into the housing market? Today’s measures from the MPC met our expectations. And while mortgage interest rates are now likely to fall a little further, uncertainty amongst buyers means that this is unlikely to give lending... 4th August 2016 · 1 min read
UK Housing Market Update Few signs of collapse in prices but risks loom The data so far on housing market activity and prices are broadly to our expectations, pointing to a fall in transactions but no collapse in prices. Yet with data from this morning reporting a sharp... 22nd July 2016 · 1 min read
UK Housing Market Update Post-Brexit housing market: when will we know? It will be several weeks before we start to get hard data on how the housing market has reacted to the EU referendum outcome. Even then, the initial data may lend themselves to many different... 13th July 2016 · 1 min read