Mortgage Lenders and Administrators Statistics (Q2 21)

The further surge in mortgage lending to a fresh post-financial-crisis high and booming house prices begs the question whether there is over-exuberance in the housing market. But as the surge has been driven by a jump in home moving as opposed to riskier lending there isn’t yet cause for concern.
Andrew Wishart Property Economist
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UK Housing Market Chart Book

Residential demand returns to London

While the UK has seen house prices boom over the past year, central London has not joined in as increased remote working led buyers to shun the capital for more space in the suburbs and further afield. But indicators of demand show that it is far too early to call time on city living, with demand now returning to the purchase and rental market despite prices remaining far higher relative to earnings than in other regions.

18 October 2021

UK Housing Market Data Response

Credit Conditions Survey (Q3 2021)

An ongoing improvement in credit availability may offset the increase in Bank Rate we expect in 2022. That offers support to our forecast that mortgage rates will remain low.

14 October 2021

UK Housing Market Data Response

RICS Residential Market Survey (Sep.)

The RICS survey suggests that the housing market has shrugged off the deterioration in sentiment about the broader economy so far. Demand stabilised at a high level in September while stock remained limited, so strong competition between buyers appears set to bid up house prices further in the near term.

14 October 2021

More from Andrew Wishart

UK Housing Market Data Response

RICS Residential Market Survey (Aug.)

While demand continued to soften in August limited stock on the market points to house price inflation remaining high in the near term. And despite the end of the stamp duty holiday, surveyors expect sales to hold steady at an elevated level.

9 September 2021

UK Housing Market Data Response

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.

7 September 2021

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
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