UK Housing Market Rapid Response UK Halifax House Prices (May 2024) The slight decline in the Halifax house price index in May confirmed that the increase in mortgage rates since the start of the year has caused house prices to stall. Mortgage rates have continued to... 7th June 2024 · 3 mins read
UK Housing Market Focus Interest rate cuts won’t reduce mortgage costs much Just as fixed mortgage rates have shielded homeowners from rising interest rates, they will prevent households’ interest costs from falling rapidly when interest rates are cut. While borrowers on... 6th June 2024 · 14 mins read
UK Commercial Property Rapid Response S&P Global/CIPS Construction PMI (May 24) The headline CIPS construction PMI rose to a two-year high of 54.7 in May. Both the commercial and housing balances improved, with the latter rising above 50 for the first time since October 2022... 6th June 2024 · 2 mins read
UK Economics Weekly Is there a growth dividend from a large government majority? With both Labour and the Conservatives this week ruling out increases in income tax, national insurance and VAT, it remains difficult to see how cuts to public services can be avoided after the... 31st May 2024 · 3 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (May 2024) Despite a small increase in the Nationwide house price index in May, the big picture is that the slight rise in mortgage rates since the start of the year has caused house prices to stagnate. 31st May 2024 · 3 mins read
Event UK Drop-In: Commercial Property Outlook – Can things only get better? 12th June 2024, 11:00AM BST After steep falls in values and with interest rates set to fall back, ingredients are in place for a recovery in the UK commercial property market. But have values really bottomed out, and which...
UK Housing Market Chart Pack UK Housing Market Chart Pack (May 2024) The tick up in mortgage rates since the start of the year has caused demand to soften. As a result, house prices are likely to tread water over the coming months. But our forecast that Bank Rate will... 29th May 2024 · 1 min read
UK Economics Rapid Response UK S&P Global/CIPS Flash PMIs (May 2024) Today’s May flash PMI survey will have provided the Bank of England with some comfort after yesterday’s stronger-than-expected inflation data for April. Crucially, the further fall in the services... 23rd May 2024 · 3 mins read
UK Commercial Property Update Notes from our residential investment roundtables At our recent roundtable we shared our view that strong rental prospects mean residential property is likely to outperform other commercial property sectors over the next five years. Across the... 17th May 2024 · 4 mins read
Event UK Drop-In: April CPI and the Bank of England’s path to rate cuts 22nd May 2024, 9:30AM BST We think the Bank of England will decide to start cutting rates at its next meeting, but there’s a series of crucial data releases between now and that policy decision on 20th June – not least the...
UK Housing Market Update Is renting becoming the preserve of the rich? High net migration has led to a big jump in demand for rental properties that has pushed up the cost of rent compared to the average salary. But comparing rents to average pay is not as accurate a... 13th May 2024 · 4 mins read
UK Housing Market Update RICS Residential Market Survey (April 2024) Increasing supply points to softer price growth While sales volumes were robust in April according to the RICS Residential Market Survey, stalling demand and increasing supply suggests that prices... 9th May 2024 · 2 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Apr. 24) The headline CIPS construction PMI rose for the fifth consecutive month to 53.0 in April, a 14-month high. The rise was driven by improvements to the commercial and civil engineering components... 7th May 2024 · 2 mins read
London Housing Markets Chart Pack London Housing Chart Pack (Q2 2024) House price growth in London remains negative according to the ONS, but timelier measures of house prices and sentiment suggest that activity has picked up and prices are regaining momentum. The... 25th April 2024 · 1 min read
UK Housing Market Update UK RICS Residential Market Survey (Mar. 24) Cautious optimism from surveyors on prices and activity The slight increase in the balances for past prices and new buyer enquiries in the RICS Residential Market Survey for March showed that demand... 11th April 2024 · 3 mins read
UK Economics Rapid Response UK Money & Credit (Feb. 2024) February’s money and credit figures show the dip in mortgage rates at the start of the year boosted mortgage approvals to a 17-month high. This is unlikely to continue in the near term. But if we’re... 2nd April 2024 · 3 mins read
