UK Housing Market Data Response RICS Residential Market Survey (Mar.) The latest RICS survey brought early signs that, having been a sellers’ market for the past two years, the balance is shifting. That suggests we are right to expect a moderation in house price growth... 14th April 2022 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Mar.) Another large jump in house prices in March kept Halifax’s measure of house price inflation comfortably in double figures. With competition between buyers still intense, house price inflation could... 7th April 2022 · 2 mins read
UK Commercial Property Data Response S&P Global/CIPS Construction PMI (Mar.) The continued strength of the construction PMI in March suggests that activity in the sector increased despite ongoing headwinds from supply constraints and cost inflation. The rise in new orders... 6th April 2022 · 2 mins read
UK Housing Market Update Valuations are most stretched in southern regions Despite strong house price growth across the country over the past two years, including in regions that had lagged behind, valuations are most stretched in the usual places. As a result, house prices... 4th April 2022 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Mar.) The acceleration in house price growth to an 18-year high of 14.3% will add to concerns that the pandemic housing market boom is getting out of hand. With mortgage rates rising, house price inflation... 31st March 2022 · 2 mins read
UK Housing Market Update Benefits of buying over renting wane While buying a home is likely to remain a better option than renting, despite rising mortgage rates, the decision will become more finely balanced. That will mean some prospective first-time buyers... 30th March 2022 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Feb.) Higher than usual home moving activity ensured that mortgage approvals remained substantially above pre-virus levels in February. But the decline compared to January could be an early sign that rises... 29th March 2022 · 2 mins read
UK Housing Market Chart Pack Peak demand Most leading indicators of housing market activity and house prices remain strikingly buoyant, but the first signs that demand will soften are now appearing. There is no question that house prices... 24th March 2022 · 9 mins read
UK Housing Market Update Mortgage rates will continue to rise Mortgage rates have been slow to respond to rising market interest rates, with lenders choosing to take a hit to their margins rather than fully offset increased funding costs. But we don’t think... 17th March 2022 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Feb.) The construction PMI rose to its highest level in eleven months in February. Although encouraging, supply constraints remain a major impediment and input costs high, which we think will limit growth... 4th March 2022 · 2 mins read
UK Housing Market Update Drop in sentiment suggests prices will lose some steam The sharp downturn in consumer confidence in February showed that the cost of living crisis was starting to bite even before the war in Ukraine began. But despite the worrying correlation between... 3rd March 2022 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Feb.) The further substantial rise in house prices in February took the increase since the pandemic began to a round 20% and begs the question whether house prices are getting too high. While we do think... 2nd March 2022 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jan.) A third consecutive monthly rise in mortgage approvals suggests that housing market activity will remain higher than usual in the coming months as households continue to adjust to remote working. UK... 1st March 2022 · 2 mins read
UK Commercial Property Update The impact of the invasion of Ukraine on UK property Much has been made of UK property’s openness to Russian money following the invasion of Ukraine. But since the depreciation of the Russian ruble in 2014, Russians have become far less important to... 25th February 2022 · 3 mins read
UK Housing Market Chart Pack Homeowners to keep on moving in 2022 Homeowners appear to be pressing ahead with plans to move house even though stamp duty is now fully reinstated. Transactions inevitably dipped last October as sales were rushed through in September to... 23rd February 2022 · 8 mins read
UK Housing Market Update Higher rates will leave homes overvalued Our new, higher interest rate forecast suggests that mortgage rates will climb to an eight-year high in 2023, making house prices look expensive by historical standards. But the overvaluation won’t be... 15th February 2022 · 3 mins read
