UK Housing Market Focus Recent house price rises lack a firm foundation The recent rises in the major house price indices have fanned hopes that the worst of the housing market correction is now behind us. Yet price rises driven only by a temporary imbalance between the... 21st August 2009 · 1 min read
UK Housing Market Update Is London’s housing market leading the country into recovery? Headline regional figures show that London house prices are rising again. However, contrary to popular perception, the available data suggest that this latest upturn is far from universal. Indeed... 20th August 2009 · 1 min read
UK Housing Market Update Is the mortgage market freeing up? On the face of it, the rise in mortgage approvals since the turn of the year together with the latest Bank of England credit conditions survey suggests that the mortgage credit freeze is beginning to... 5th August 2009 · 1 min read
UK Housing Market Update Are parents keeping the housing market going? The CML recently reported that, in the past two years, the percentage of first-time buyers being helped by their parents to gather a deposit has doubled. At first sight, this may suggest that parents... 22nd July 2009 · 1 min read
UK Economics Focus Recent house price rises lack a firm foundation The recent rises in the major house price indices have fanned hopes that the worst of the housing market correction is now behind us. Yet price rises driven only by a temporary imbalance between the... 21st July 2009 · 1 min read
Europe Economics Update Spanish housing market downturn far from over The latest housing market data show that the residential property market downturn is continuing to gather pace. With most valuation measures still suggesting that house prices remain well above their... 15th July 2009 · 1 min read
UK Housing Market Update House price to earnings – what is behind the alternative measures? We have been asked by several clients about the difference between our measure of the house price to earnings ratio and that reported by the Halifax. The Halifax measure suggests that house prices... 8th July 2009 · 1 min read
UK Housing Market Update Credit Conditions survey and PMI data don’t alter weak property outlook Today’s Credit Conditions survey from the Bank of England showed that the supply of mortgage finance appears to be slowly improving, but does not change our view that further price falls are very... 2nd July 2009 · 1 min read
UK Housing Market Update Lowering mortgage deposit requirements will not be enough Given the focus of much analysis of the housing market, a casual observer could be forgiven for thinking that the withdrawal of high loan to value mortgage products was the root cause of the slump in... 29th June 2009 · 1 min read
UK Housing Market Update Residential property derivatives – should we listen? The recent improvement in economic sentiment has been reflected in a shift in residential property derivative pricing. However, while we agree that house price declines in 2009 and 2010 will be... 17th June 2009 · 1 min read
US Economics Focus Housing correction nearing the end, but it’s not over yet 15th June 2009 · 1 min read
US Housing Market Focus Housing correction nearing the end, but it’s not over yet The housing market appears to have turned a corner. Activity has levelled off and housing may now be significantly undervalued. Nonetheless, the large inventory overhang means that prices could still... 15th June 2009 · 1 min read
UK Housing Market Focus Which type of property will experience the largest falls? The received wisdom is that, during the current correction, supply shortages will ensure that the price of detached family homes hold up far better than the price of flats, particularly in the... 11th June 2009 · 1 min read
UK Economics Update Revised economic growth outlook will not underpin house prices Yesterday, we revised up our forecasts for economic growth in the UK. Our new forecasts still leave the economy on a very weak path, which will not prevent further falls in employment and household... 9th June 2009 · 1 min read
UK Housing Market Update Revised economic growth outlook will not underpin house prices Yesterday, we revised up our forecasts for economic growth in the UK. Our new forecasts still leave the economy on a very weak path, which will not prevent further falls in employment and household... 9th June 2009 · 1 min read
