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Halifax House Prices (Mar.)

The rise in house prices recorded by Halifax in March probably marks the start of a renewed surge in house price inflation into double figures over the summer.
Andrew Wishart Property Economist
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UK Housing Market Data Response

Nationwide House Prices (Jun.)

Monthly house price inflation slowed in June to its lowest since last September according to the Nationwide, while the annual rate continued to edge lower. That is consistent with our view of steady deceleration through the year, followed by single-digit annual price falls in both 2023 and 2024. Real Estate Drop-In (6th July, 2022): Join our US Commercial Property team for this 20-minute briefing on why we think this is the market top – and how far we expect returns to fall. Register now.

30 June 2022

UK Housing Market Update

Cost inflation to ease alongside new home volumes

After reaching a record-high in June, we think that inflation in builders’ costs will soon start to ease. But even as cost pressures subside, construction volumes will slump as the housing market slows.

28 June 2022

UK Housing Market Update

Withdrawal of affordability test is a wise move

We suspect that the main reason for the hasty withdrawal of the Financial Policy Committee’s mortgage affordability test is that it was on course to become a severe constraint on many buyers’ financial firepower. If left in place, it could have led to a far larger house price fall than the 5% drop we forecast.

20 June 2022

More from Andrew Wishart

UK Housing Market Data Response

RICS Residential Market Survey (Jun.)

Activity and house prices were extremely strong again in June according to the RICS survey, although there was a distinct softening in the more forward-looking balances. As supply remains limited, we think that house prices will prove resilient to the inevitable dip in transactions after the stamp duty holiday.

8 July 2021

UK Housing Market Data Response

Halifax House Prices (Jun.)

While we would be wary of reading too much into the small decline in house prices in June reported by Halifax, timely measures of house prices are consistent in pointing to a moderation in house price growth.

7 July 2021

UK Commercial Property Data Response

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-virus levels.

6 July 2021
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