UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Aug.) While the recovery in both commercial and residential construction lost momentum in August, growth in housebuilding far outperformed commercial. This trend is likely to continue, reflecting the... 4th September 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Aug.) Combined with July, August’s surge in house price growth has more than reversed the price falls seen immediately after lockdown. But with the market mainly being driven by short-term factors such as... 2nd September 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jul.) July’s lending data show a v-shaped recovery in house purchase mortgage approvals. But with the economy still fragile and lenders still cautious about high LTV loans, lending is likely to fall back... 1st September 2020 · 2 mins read
UK Housing Market Update Will pent-up evictions weaken rents? Part of the eviction ban is due to end in September, and court ordered evictions are likely to surge as the backlog works through the system. Even so, evictions will remain small compared to the... 26th August 2020 · 3 mins read
UK Housing Market Update Can planning changes boost housebuilding? Private housebuilding is constrained by the speed at which builders can sell homes at prevailing market prices, which planning changes will do little to change. As a result, the government’s proposed... 20th August 2020 · 3 mins read
UK Housing Market Chart Pack Housing market turns the corner Despite a rather lacklustre economic recovery, the housing market is already turning the corner. Demand has bounced back, helped by a decline in mortgage interest rates. The stamp duty cut will... 11th August 2020 · 8 mins read
UK Housing Market Data Response Nationwide House Prices (Jul.) House prices bounced back in July, unwinding the fall seen in June. Along with the pickup in lending in June, this reinforces our view that a house price crash is now unlikely. Although, with the... 31st July 2020 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jun.) House purchase mortgage approvals saw a strong initial recovery in June. Lending is likely to strengthen further this year, as the stamp duty cut supports demand and lenders bring back higher LTV... 29th July 2020 · 2 mins read
UK Housing Market Outlook Housing market tail risks recede Lockdown slammed the brakes on activity and house price growth, but policy interventions have cushioned the blow for housing. As a result, our initial fears of a house price collapse have waned. That... 23rd July 2020 · 22 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) Mortgage credit availability collapsed in Q2, while commercial loan conditions improved on the back of government loan guarantees. Looking ahead, lenders expect both commercial and residential... 16th July 2020 · 3 mins read
UK Housing Market Focus Why a house price crash in 2020 is now unlikely The housing market outlook is improving. Government support and lender forbearance have dulled the impact of the virus on housing. Indeed, housing demand has bounced back more strongly than expected... 15th July 2020 · 17 mins read
UK Housing Market Update Stamp duty cut brightens the outlook for house prices The latest stamp duty cut will bring forward some housing demand and, by increasing perceptions that the government is standing behind the market, the cut reduces the chance of a house price crash... 13th July 2020 · 3 mins read
UK Housing Market Data Response Halifax House Prices (Jun.) According to the Halifax index, house prices were broadly stable in June. Looking ahead, with the furlough scheme due to end soon and lenders increasingly risk averse, further house price falls are... 7th July 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jun.) June’s PMI construction jumped back above 50 for the first time in four months, confirming that activity is starting to return to normal. The improvement was driven by both commercial and residential... 6th July 2020 · 2 mins read
UK Housing Market Chart Pack London prices leap from boom to bust The coronavirus extinguished a nascent surge in London house prices in Q1. Instead, housing demand in the capital collapsed during lockdown, and has been comparatively slow to return. That... 1st July 2020 · 7 mins read
UK Housing Market Data Response Nationwide House Prices (Jun.) House prices saw another steep fall in June, but low transactions volumes cast doubt on the accuracy of the figures. Looking ahead, there are signs of a recovery in demand, but lenders remain cautious... 1st July 2020 · 2 mins read
