UK Housing Market Data Response RICS Residential Market Survey (Feb.) The rebound in the RICS survey balances in February suggest that home sales were sustained at a very high level even before further policy support was announced in the Budget. Strong sales and limited... 11th March 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q4) Very high home mover activity and resilient first-time buyer demand pushed mortgage lending up to its highest level since the financial crisis at the end of last year. It’s become clear that the stamp... 9th March 2021 · 2 mins read
UK Housing Market Update Our new UK housing forecasts A quick economic recovery, sustained fiscal support, and the housing-specific measures in the Budget mean it is likely that policymakers will successfully mitigate the adverse impact of the pandemic... 8th March 2021 · 5 mins read
UK Housing Market Data Response Halifax House Prices (Feb.) The easing off in Halifax house price inflation in February marks a contrast with Nationwide’s more upbeat figure. Nonetheless, house prices appeared to be holding onto their 2020 gains even when... 5th March 2021 · 2 mins read
UK Housing IHS Markit/CIPS Construction PMI (Feb.) The rebound in the construction PMI in February suggests that the dip in activity in January was due to heavy rainfall rather than any deterioration in demand. While residential activity continues to... 4th March 2021 · 3 mins read
UK Housing Market Update Budget 2021: UK Housing Response The prolonged reduction in Stamp Duty, a new mortgage guarantee scheme, and an extension to the furlough scheme should sustain high transactions volumes and prices throughout most of this year. There... 3rd March 2021 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Feb.) The unexpected rise in the Nationwide house price index in February adds to the growing pile of evidence that the stamp duty holiday is just one of several reasons behind the recent surge in sales and... 2nd March 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Jan.) Mortgage approvals remained at very high levels in January as buyers hoped to take advantage of the stamp duty holiday. But there are growing signs that demand may be resilient to the end of the tax... 1st March 2021 · 2 mins read
UK Housing Market Update Stamp duty extension would add to recent good news A three-month extension to the stamp duty holiday should prevent sales falling in Q2 even if it does not incentivise much new activity given ongoing delays in conveyancing. And the timeliest data... 24th February 2021 · 3 mins read
UK Housing Market Update Arrears to rise when policy support is withdrawn Mortgage arrears have remained very low, casting doubt on our view that we will see a substantial rise in forced selling later this year. But new evidence from the Resolution Foundation shows that... 23rd February 2021 · 3 mins read
UK Housing Market Chart Pack Buyer demand appears resilient to end of tax break There are clear signs that the end of the stamp duty holiday is causing the housing market to slow. In January the RICS reported a sharp drop in new buyer enquiries and seller instructions, and house... 16th February 2021 · 8 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jan.) The January RICS survey suggests that the housing market has embarked on the next leg of its journey through the pandemic. The lockdown and the looming end of the stamp duty holiday have caused a... 11th February 2021 · 2 mins read
UK Housing Market Update Savings surge allows FTBs to upsize deposits The availability of high loan-to-value mortgages has dropped sharply, and the cost of those that are still available has rocketed. So it’s remarkable that the share of mortgage advances going to first... 10th February 2021 · 3 mins read
UK Housing Market Update Mass exodus drains demand from London and Midlands Our analysis suggests that the apparent sudden drop in the population of the UK last year has led to a huge rise in vacancy rates in the London and Midlands rental markets. House prices in those... 8th February 2021 · 6 mins read
UK Housing Market Data Response Halifax House Prices (Jan.) The drop in the Halifax house price index in January confirmed that the turn of the year coincided with a change of momentum in house prices. We expect house prices to continue to drop back over the... 5th February 2021 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jan.) The construction industry outperformed the rest of the economy in 2020 by being the first and only sector to see output recover to its pre-virus level. But the unexpected dip in the construction PMI... 4th February 2021 · 2 mins read
