UK Housing Market Update Rental growth on the launchpad We already expected that rental growth would surge to a decade-high this year. But the strength of leading indicators and the low level of rents relative to income by historical standards suggest... 11th February 2022 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jan.) The largest rise in new buyer enquiries for nine months and a reversal of the December dip in sales volumes confirmed that the housing market remained extremely tight at the start of the year. With no... 10th February 2022 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jan.) The smaller gain in house prices in January reported by Halifax is unlikely to mark the start of a sharp deceleration in house price growth. With the supply of homes for sale still very limited and... 7th February 2022 · 2 mins read
UK Housing Market Outlook House price gains have further to run It is likely to take longer than most expect for rising interest rates to cool the housing market. Mortgage rates have only just begun to rise from the record low reached in November, and limited... 4th February 2022 · 22 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jan.) In contrast to the decline at the end of last year, the construction PMI rose to its highest level in six months in January. There were also encouraging signs that supply and cost issues have started... 4th February 2022 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Dec.) The tick up in mortgage approvals in December suggested that the dip in housing market activity expected after the stamp duty holiday has already come and gone, and that transactions will stay above... 1st February 2022 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jan.) There was no cooling in the housing market at the turn of the year, as the Nationwide house price index recorded its largest January increase for 17 years. We suspect that prices will continue to... 1st February 2022 · 2 mins read
UK Housing Market Chart Pack London transactions outperform, but not prices The jump in transactions during the pandemic was larger in London than other regions as the market didn’t experience the same drop in supply as elsewhere. That reflected many existing homeowners... 25th January 2022 · 6 mins read
UK Housing Market Data Response RICS Residential Market Survey (Dec.) The number of homes being listed for sale dropped again in December while demand continued to climb. As a result, we think house prices will continue to rise at pace in the near term. 20th January 2022 · 2 mins read
UK Housing Market Update The anatomy of the pandemic price boom A breakdown of house price growth over the past two years confirms that remote working has altered the nation’s housing needs. But what households can afford, rather than what they desire, will be a... 19th January 2022 · 3 mins read
UK Commercial Property Data Response Credit Conditions Survey (Q4 2021) The Q4 credit conditions survey suggests that, while credit conditions will remain loose, scope for lenders to absorb further increases in interest rates into their margins has run out. Drop-In: Neil... 13th January 2022 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Dec.) The construction PMI declined last month to end the year on a negative note, more than erasing the gain made in November. Despite tentative signs that they are starting to ease, we expect labour and... 7th January 2022 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Dec.) Another substantial rise in the Halifax house price index in December ensured that the lender agreed with Nationwide that the rise in house prices over the 2021 calendar year was the strongest for at... 7th January 2022 · 2 mins read
UK Housing Market Update UK house price growth set for a year of two halves Strong demand will ensure that house prices maintain their momentum in the first half of the year. But rising mortgage rates will weigh on demand further out, causing prices to cool. 6th January 2022 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Nov.) Mortgage approvals stabilised in November, consistent with other evidence that demand remained robust after the stamp duty holiday ended. Even though approvals have softened to a similar level to 2019... 4th January 2022 · 2 mins read
UK Housing Market Chart Pack Strength to persist into 2022 The continued strength of the housing market after the end of the stamp duty holiday shows that it was far more than the tax break that kept prices surging in 2021. The three key drivers of demand -... 23rd December 2021 · 8 mins read
