UK Commercial Property Data Response S&P Global/CIPS Construction PMI (May) The second consecutive fall in the construction PMI in May points to a sustained slowdown in development activity. And with the new orders balance easing and optimism of future demand declining, a... 8th June 2022 · 2 mins read
UK Housing Market Data Response Halifax House Prices (May) The slight easing in the Halifax measure of annual house price inflation reflects an outsize increase in prices a year earlier rather than any loss of momentum. But there are signs that rising... 8th June 2022 · 2 mins read
UK Housing Market Update Why is the house price consensus still so bullish? The consensus among professional forecasters is that house price growth will slow but remain positive over the coming years, as a robust jobs market prevents forced sales. But even in the absence of... 26th May 2022 · 3 mins read
UK Housing Market Update Rental growth approaching a peak Record high rental growth at the start of the year is likely to mark a peak given signs that tenant demand is starting to ease. But strong wage growth and the rising cost of buying as mortgage rates... 19th May 2022 · 2 mins read
UK Housing Market Outlook House prices heading for a fall If we are right that the Bank of England will have to raise interest rates to 3.00% to stamp out inflation then we are on the cusp of the fastest increase in mortgage rates since the late 1980s. That... 13th May 2022 · 22 mins read
UK Housing Market Data Response RICS Residential Market Survey (Apr.) The housing market shrugged off the effects of rising mortgage rates and the cost-of-living crisis in April as intense competition between buyers bid up prices further. However, with mortgage rates... 12th May 2022 · 2 mins read
UK Commercial Property Data Response S&P Global/CIPS Construction PMI (Apr.) The construction PMI for April showed that building activity remained solid, but that the pace of growth has slowed. An easing in new orders growth also hints at a further slowdown ahead, as the... 6th May 2022 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Apr.) In contrast to Nationwide’s measure of house price inflation, there was no sign of house price growth slowing in the Halifax figures for April. But with mortgage rates only just starting to climb to... 6th May 2022 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Apr.) Unchanged mortgage approvals in March showed that the housing market remained buoyant throughout the first quarter. But the emerging trend of rising mortgage rates on new loans rising will only... 4th May 2022 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Apr.) The slowdown in house price inflation in April adds to signs that the housing market is beginning to cool and suggests that the peak in house price inflation is now behind us. We expect house prices... 29th April 2022 · 2 mins read
Home owners brace for years of falling prices as mortgage costs jump This time around, Wishart expects prices to keep rising for the time being before levelling off at the end of the year and turning down to drop 3pc in 2023 and 1.8pc in 2024. “Visits to property... 28th April 2022 · The Telegraph
UK Housing Market Update House prices will fall in 2023 and 2024 Our new, higher, interest rate forecasts mean that we now expect house prices to fall marginally in 2023 and 2024. While there are risks on both sides, our base case is that prices drop by 5% overall... 27th April 2022 · 3 mins read
UK Housing Market Chart Pack Pick up in London demand will be fleeting Despite the permanent increase in working from home, the end of pandemic restrictions has triggered a resurgence in demand in London’s rental and house purchase markets. Annual inflation in the ONS... 22nd April 2022 · 6 mins read
UK Housing Market Update Builders cautious despite strong demand Despite facing very strong demand housebuilders appear reluctant to commit to new sites. This is because a shortage of materials is delaying completions, while rising interest rates and the end of the... 19th April 2022 · 2 mins read
UK Commercial Property Data Response Credit Conditions Survey (Q1 2022) Banks expect mortgage availability to fall back in Q2 as lenders push up borrowing rates to reflect increases in Bank Rate, but other lending criteria are expected to be stable or loosen. 14th April 2022 · 2 mins read
