UK Housing Post-holiday slump in transactions won’t hit prices It is inevitable that transactions will drop sharply after setting a record high in June. But the stamp duty holiday is just one of several factors behind the housing market boom, so house prices... 21st July 2021 · 2 mins read
UK Housing A tale of two rental markets While London rents are set to reverse some of the fall of the past year, we doubt the premium of rents in the capital over the national average will return to its pre-virus level. But outside London... 13th July 2021 · 3 mins read
UK Housing Market Update Will soaring materials costs slow housebuilding? Inflation in the cost of construction materials has soared as resurgent new home development led to strong demand at the same time as supply was still recovering from disruption due to the pandemic... 24th June 2021 · 3 mins read
UK Housing Market Update Should we be worried about rental arrears? The early evidence suggests that the end of the evictions moratorium will not result in a huge wave of evictions. And while the end of the furlough scheme presents a risk, we suspect that the easing... 11th June 2021 · 3 mins read
UK Housing Market Update Rents show supply deficiency in London & the South House-price-to-earnings ratios are close to record highs even in regions where there isn’t a shortage of supply. But the varying cost of rent across the country suggests that limited supply is an... 26th May 2021 · 3 mins read
UK Housing Market Update How the housing market survived COVID-19 All four previous recessions in the UK led to a sharp slowdown or an outright fall in house prices. But 2020 was very different, with house price growth accelerating to a six-year high despite the... 28th April 2021 · 4 mins read
UK Housing Market Update Rise in long-term interest rates won’t crash house prices Long-term interest rates have risen sharply since the end of 2020 and may rise further, but that shouldn’t be a drag on the housing market. In fact, we think that mortgage rates will fall a little... 13th April 2021 · 3 mins read
UK Housing Is build-to-rent investment about to take off? While investment in build-to-rent developments has been notably resilient over the past year, we continue to think that the growth of the sector will be slow for two reasons. First, high house prices... 7th April 2021 · 3 mins read
UK Housing Market Update Has the pandemic changed housing demand? Recent movements on house prices show only limited evidence that COVID-19 has substantially changed where people want to live. While central London has underperformed, central Manchester and... 23rd March 2021 · 3 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 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 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 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
Europe Commercial Property Update The future for city property In our Future of Property research, we identified important post-pandemic shifts in most real estate sectors. How these trends interact will be key to the outlook for the urban locations where most... 4th February 2021 · 6 mins read
