Filtered by Subscriptions: UK Housing Use setting UK Housing
In contrast to the average homeowner, house-builders’ operational survival directly depends on their ability to sell their properties. Accordingly, house-builders will be more willing to drop property prices than existing homeowners will be. Effectively, …
22nd December 2008
The recent dreadful news on the UK economy and the fall in US interest rates very close to zero have convinced us that UK interest rates are set to fall even further than we had previously thought. Rates are effectively heading to zero on this side of the …
18th December 2008
At first glance, yesterday brought some rare positive news from the beleaguered housing market. According to the CML, first-time buyers’ share of mortgage lending rose to a three-and-a-half year high in October, and the RICS new buyer enquiries balance …
10th December 2008
This report is only available as a PDF. Click to download. … RICS Housing Survey (Nov) & CLG house prices (Oct) …
9th December 2008
New measures aimed at limiting the number of people losing their homes are unlikely to bring the housing market correction to an end, let alone bring about a revival. But, they could help to slow the pace of house price declines next year. However, if …
4th December 2008
This report is only available as a PDF. Click to download. … Halifax House Price Index (November) …
This report is only available as a PDF. Click to download. … Substantial house price falls still to come in 2009 (Dec 08) …
3rd December 2008
This report is only available as a PDF. Click to download. … Mortgage lending (October) …
1st December 2008
This report is only available as a PDF. Click to download. … Land Registry house prices (October) …
28th November 2008
This report is only available as a PDF. Click to download. … Nationwide House Prices (November) …
27th November 2008
This report is only available as a PDF. Click to download. … BBA Mortgage Lending (October) …
25th November 2008
The Pre-Budget Report (PBR) contained some good news for the commercial and residential property sectors but perhaps less than some might have been hoping for. The bottom line is that, to the extent that it provides some support for economic activity, …
24th November 2008
This report is only available as a PDF. Click to download. … CML buy-to-let lending (2008Q3) …
21st November 2008
This report is only available as a PDF. Click to download. … Mortgage arrears and possessions (Q3) …
This report is only available as a PDF. Click to download. … RICS Residential Lettings Survey (October 2008) …
18th November 2008
Although most of the biggest lenders have passed on last week’s 1.5% base rate cut to their standard variable mortgage rates many smaller lenders have not. And the early signs are that the interest rates on re-priced tracker products, now on offer to new …
14th November 2008
This report is only available as a PDF. Click to download. … RICS Housing Survey (Oct) & CLG house prices (Sep) …
11th November 2008
We suspect that the importance of the City jobs market to London’s housing market has been overplayed. But against the current backdrop in which the wider economy is on course for a twoyear contraction, and maybe worse, and in which London’s housing …
10th November 2008
Today’s interest rate cut, from 4.5% to 3%, marks only the early stages of a phase of aggressive monetary easing which will ultimately take base rates to an all-time low of 1%. Mortgage interest rates are also heading much lower, but they will not fall as …
6th November 2008
A day late maybe, but the Monetary Policy Committee certainly delivered some spectacular fireworks today in the form of the 150bp cut in interest rates, the biggest move since 1992. But rates still need to fall much further. We continue to expect them to …
This report is only available as a PDF. Click to download. … Halifax House Price Index (October) …
This report is only available as a PDF. Click to download. … Consumer slump lies ahead (Q4 08) …
3rd November 2008
This report is only available as a PDF. Click to download. … House price falls to intensify as the recession deepens (Nov 08) …
This report is only available as a PDF. Click to download. … Nationwide House Prices (October) …
30th October 2008
According to Bank of England estimates, negative equity now affects roughly 3% of mortgage borrowers, or just over 350,000 households. Yet, if we are right and house prices still have at least another 25% to drop from here, that figure will rise sharply. …
29th October 2008
To date, only a few major economies have been afflicted by large scale falls in house prices. But all that will change in 2009. Housing is significantly overvalued across much of Europe, as well as in Australia and Canada. Our analysis suggests that there …
This report is only available as a PDF. Click to download. … Mortgage lending (September) …
This report is only available as a PDF. Click to download. … FSA Mortgage Lending Statistics …
28th October 2008
This report is only available as a PDF. Click to download. … Land Registry House Prices (September) …
Unsurprisingly, there was little in the way of positive news in today’s Financial Stability Report (FSR) for the residential and commercial property markets. From a property perspective, the Bank echoed our view that we are witnessing a structural, not a …
This report is only available as a PDF. Click to download. … BBA Mortgage Lending (September) …
23rd October 2008
The housing market correction is unfolding with unprecedented speed. Yet, with the economy heading for a recession lasting for at least two years, house price falls will intensify in 2009. … The recession will accelerate the housing market correction (Q4 …
If the recent rates of house price falls are sustained, it is plausible that the 35% peak-to-trough decline that we expect will have been delivered by autumn 2009. The sheer speed of adjustment is causing alarm. However, we suspect that the great speed is …
21st October 2008
What a tumultuous few weeks! Policymakers around the world have stepped in to bail out the banking system, hopefully averting full-scale financial system meltdown, and UK interest rates have been cut by 50bps for the first time in seven years. But, as …
16th October 2008
Recently announced measures by the UK Government and other world policymakers have avoided the unthinkable scenario of a full-scale meltdown in the UK and global banking and financial systems. … Staring into the abyss - Just how deep will the downturn be? …
15th October 2008
This report is only available as a PDF. Click to download. … RICS Housing Survey (Sep) & CLG house prices (Aug) …
14th October 2008
This report is only available as a PDF. Click to download. … Halifax House Price Index (September) …
9th October 2008
At last, some rare good news for the housing market. Together, the bank recapitalisation plan and the 0.5% cut in official policy rates suggest that policy makers have now realised that drastic action is required to resolve the current bank crisis. We do …
8th October 2008
This report is only available as a PDF. Click to download. … Rate of house price falls show no signs of easing (Oct 08) …
7th October 2008
This report is only available as a PDF. Click to download. … Bank of England Credit Conditions, 2008Q3 …
2nd October 2008
This report is only available as a PDF. Click to download. … Nationwide house prices (September) …
This report is only available as a PDF. Click to download. … Mortgage lending (August) …
29th September 2008
This report is only available as a PDF. Click to download. … Land Registry house prices (August) …
26th September 2008
This report is only available as a PDF. Click to download. … BBA Mortgage Lending (August) …
23rd September 2008
This report is only available as a PDF. Click to download. … CLG House Prices (July) …
16th September 2008
Surveys point to an easing in the supply/demand imbalance in the private rental market in recent months. Coupled with the likely severity of the economic downturn, this increases the chances that rental growth will be weaker than we previously forecast. …
12th September 2008
This report is only available as a PDF. Click to download. … RICS Housing Market Survey (August) …
9th September 2008
This report is only available as a PDF. Click to download. … Halifax House Price Index (August) …
4th September 2008
This report is only available as a PDF. Click to download. … More house price falls to come as economy tips into recession (Sep 08) …
3rd September 2008
The Government today announced a number of measures designed to “meet current challenges in the housing market”. While some of the measures will help to ease the hardship faced by a few of the families worst affected by the housing market downturn, we are …
2nd September 2008
