Credit Conditions Survey (Q3)

Mortgage availability saw a modest improvement Q3, but not enough to reverse the large fall seen in Q2. Meanwhile, credit availability to commercial property fell sharply during the quarter, and lenders expect to remain cautious in Q4.
Hansen Lu Property Economist
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UK Housing Market 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 supply shortages will continue to dampen output in the near term.

7 January 2022

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 least 15 years. And there is no sign of prices losing momentum yet.

7 January 2022

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.

6 January 2022

More from Hansen Lu

UK Commercial Property Data Response

Credit Conditions Survey (Q3)

Banks maintain property lending caution Mortgage availability saw a modest improvement Q3, but not enough to reverse the large fall seen in Q2. Meanwhile, credit availability to commercial property fell sharply during the quarter, and lenders expect to remain cautious in Q4. According to the Bank of England’s credit conditions survey, a balance of 10% of lenders reported a rise…

15 October 2020

UK Housing Market Update

Employment revisions highlight rental market risks

The big downward revision to employment in the labour market statistics reveals that renters have seen a larger hit to employment than homeowners. This supports our view that house prices will be resilient next year, while private rents will probably fall.

14 October 2020

UK Housing Market Data Response

RICS Residential Market Survey (Sep.)

Housing market activity rose for a fourth consecutive month in September, but the market may be approaching an inflection point. We expect house price growth and transactions to cool by the end of the year, as recent price gains start to weigh on demand, new virus restrictions raise uncertainty among buyers, and pent-up demand from lockdown is exhausted.

8 October 2020
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