Halifax House Prices (Aug.)

While annual house price inflation cooled from 7.6% to 7.1% in August according to Halifax, the solid gain in house prices on the month confirms that the housing market is weathering the winding down of the stamp duty holiday well.
Andrew Wishart Property Economist
Continue reading

More from UK Housing

UK Housing Market Data Response

Nationwide House Prices (Nov.)

House prices recorded another above-consensus gain in November as strong buyer demand bid prices up further. There is little sign of that dynamic changing anytime soon, so we expect the consensus forecast for 2022 to continue to be revised up closer to our own view.

1 December 2021

UK Housing Market Data Response

Mortgage Lending (Oct.)

Mortgage approvals remained robust in October after the end of the stamp duty holiday, only easing back into line with their pre-pandemic average. With demand strong, we suspect that mortgage approvals will move back above pre-virus levels in 2022, although limited inventory could be a constraint.

29 November 2021

UK Housing Market Update

300,000 supply target remains out of reach

The most comprehensive statistics on housing supply confirmed that the pause in construction in Q2 2020 caused completions of new homes to drop back. Housebuilding activity has since recovered but materials shortages, the end of the Help to Buy Equity Loan scheme, and a cooling market suggest that the high water mark for new housing supply has already been and gone.

29 November 2021

More from Andrew Wishart

UK Commercial Property Data Response

IHS Markit/CIPS Construction PMI (Aug.)

The further easing in the construction PMI in August was due to materials shortages rather than any softening in demand.

In view of the wider interest, we are also sending this UK Commercial Property Data Response to clients of our UK Housing Service.

6 September 2021

UK Housing Market Update

End of policy support doesn’t pose much risk

While the furlough scheme was critical in preventing the COVID-19 recession from dragging down house prices, we don’t think that the withdrawal of the scheme poses much of a risk. Meanwhile, the latest data show the end of the repossessions ban and mortgage payment holidays have not brought an upturn in homeowner distress.

2 September 2021

UK Housing Market Data Response

Nationwide House Prices (Aug.)

The unexpectedly large rise in house prices in August is yet another reason to think that house price growth will shrug off the end of the stamp duty holiday. It also suggests our forecast that house prices will rise by 7% this year is too pessimistic. We now expect house price growth to be closer to 9% in Q4. Note: We’ll be discussing the five-year outlook for Europe’s residential market in a Thursday Drop-In. Registration details here.

1 September 2021
↑ Back to top