UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q2) Price cuts from lenders have helped to push up the share of high LTV loans and fixed-rate deals, suggesting that the mortgage price war is increasingly making its mark. But there is little sign that... 10th September 2019 · 2 mins read
UK Housing Market Update Has the Halifax index been fixed? After spending much of the last year as an outlier, IHS Markit has fixed the Halifax index. In line with the other main measures, the index is now recording sluggish house price growth. And with the... 6th September 2019 · 3 mins read
UK Housing Market Chart Pack Stuck in limbo July saw the second consecutive monthly rise in new buyer enquiries and house purchase mortgage approvals, as Brexit uncertainty briefly eased. (See Chart 1.) But with house prices very high and... 5th September 2019 · 8 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Aug.) The decline in the headline construction PMI in August provides further evidence that construction activity has failed to recover so far in Q3. With firms cautious about the outlook, commercial... 3rd September 2019 · 2 mins read
UK Housing Market Update Is private Right to Buy a good idea? Labour’s proposed Right to Buy scheme for private tenants could have severe unintended consequences. The supply of property available to rent would fall, pushing up rents across the board. Moreover... 2nd September 2019 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Jul.) House purchase mortgage approvals saw a gentle recovery in July. But with uncertainty set to intensify in the coming months, the rise in lending probably won’t be sustained. 30th August 2019 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Aug.) House price growth was sluggish in August. With Brexit-related uncertainty set to continue over the next few months, a recovery in house price growth this year is unlikely. 30th August 2019 · 2 mins read
UK Housing Market Data Response UK Finance Mortgage Lending (Jul.) The rise in mortgage approvals published by UK Finance should be interpreted with care. It probably reflects lenders competing for market share, rather than a market-wide recovery in lending. 27th August 2019 · 2 mins read
UK Housing Market Update A stealthy improvement in valuations Accelerating wage growth has lowered the house price to earnings ratio, even as house prices themselves have continued to climb. Indeed, London has already seen an 11% drop in earnings-adjusted prices... 22nd August 2019 · 3 mins read
UK Housing Market Update Is owning still better than renting? The era of sustained, rapid house price growth appears to be over. But even so, the cost of owning a home is still favourable compared to renting and is likely to stay that way. That suggests that... 19th August 2019 · 3 mins read
UK Housing Market Update A surge in London rents is coming London’s rental market is shifting to a new phase of adjustment. Low returns and tax changes are driving landlords from the market, while rising wages and low unemployment are supporting tenant demand... 13th August 2019 · 5 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jul.) The latest RICS survey showed a housing market struggling to gather any upward momentum. With Brexit uncertainty poised to intensify in the coming months, we expect house prices and transactions to... 8th August 2019 · 2 mins read
UK Housing Market Chart Pack Rise in demand will be short-lived Housing demand improved in June for the first time in over two years. But with the rise driven heavily by regions with the most expensive prices, and another Brexit deadline looming, that doesn’t... 7th August 2019 · 10 mins read
UK Housing Market Data Response Halifax House Prices (Jul.) House price growth on the Halifax index once again outpaced the other main indices. But we wouldn’t put too much weight on that result. With house prices very high relative to incomes and the... 7th August 2019 · 2 mins read
UK Housing Market Update Are more young adults moving out? Data from the English Housing Survey suggests that rising tenant demand has come from newly formed households. That could reflect more young adults moving out of their parents’ homes, and supports our... 1st August 2019 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Jul.) There was no sign of a recovery in house price growth in July, and we expect the market to stay that way in 2019, regardless of the Brexit outcome. 31st July 2019 · 2 mins read
