UK Housing IHS Markit/CIPS Construction PMI (Jun.) Despite a further deterioration in the availability of building materials, construction output rose at the fastest pace since 1997 in June. That suggests output in the sector is now well above pre... 6th July 2021 · 2 mins read
UK Housing Market Chart Pack Demand shifts towards outer London London house prices have underperformed the national average over the past year as the pandemic has led to a shift in demand away from inner cities. Arguably London was due a period of weaker price... 2nd July 2021 · 6 mins read
UK Housing Market Data Response Mortgage Lending (May) The tick up in mortgage approvals for house purchase in May left them 33% above pre-virus norms, and timely indicators suggest that mortgage lending will remain robust despite the looming end of the... 29th June 2021 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jun.) House prices recorded a fifth consecutive monthly rise in June, the final month before the stamp duty threshold begins to return to its usual level. There are few signs of market dynamics changing... 29th June 2021 · 2 mins read
UK Housing Market Update Will soaring materials costs slow housebuilding? Inflation in the cost of construction materials has soared as resurgent new home development led to strong demand at the same time as supply was still recovering from disruption due to the pandemic... 24th June 2021 · 3 mins read
UK Housing Market Chart Pack Movers drive up sales to highest level since 2007 The housing market has had its busiest start to the year for 14 years as changing preferences due to the pandemic, forced saving, low mortgage rates, and the stamp duty holiday have led swathes of... 17th June 2021 · 8 mins read
UK Housing Market Update Should we be worried about rental arrears? The early evidence suggests that the end of the evictions moratorium will not result in a huge wave of evictions. And while the end of the furlough scheme presents a risk, we suspect that the easing... 11th June 2021 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (May) The looming end of the stamp duty holiday has only applied the slightest dab to the brakes of the housing market thus far. But while the new buyer enquiries started to ease, sales instructions fell... 10th June 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q1 21) The rise in mortgage lending to its highest level since the financial crisis in Q1 was driven by a huge increase in existing homeowners moving. As a result, the 9% y/y increase in house prices... 8th June 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (May) House prices recorded another large increase in May as the extension to the stamp duty holiday continued to turbocharge house purchase demand. Timely indicators show that the end of the tax break is... 7th June 2021 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (May) Construction output rose further above pre-virus levels in May despite growing shortages of contractors and materials, and high cost inflation. 4th June 2021 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Apr.) Mortgage approvals for house purchase rose for the first time since November in April as prospective buyers responded to the extension of the stamp duty holiday. But even before that modest increase... 2nd June 2021 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (May) The boost to demand from the extension to the stamp duty holiday caused annual house price inflation to hit a seven-year high in May, and it is set to rise further in June. Thereafter, the end of the... 1st June 2021 · 2 mins read
UK Housing Market Update Rents show supply deficiency in London & the South House-price-to-earnings ratios are close to record highs even in regions where there isn’t a shortage of supply. But the varying cost of rent across the country suggests that limited supply is an... 26th May 2021 · 3 mins read
UK Housing Market Outlook Fundamentals support further house price gains House price growth is on track to reach double figures in the summer before cooling as the stamp duty holiday ends. But with mortgage rates very low, the economy recovering rapidly and households... 14th May 2021 · 23 mins read
UK Housing Market Data Response RICS Residential Market Survey (Apr.) Extremely high demand and limited supply pushed up house prices sharply in April. The market will undoubtedly cool as the rush to buy during the stamp duty holiday eases. But with mortgage rates low... 13th May 2021 · 2 mins read
