UK Housing Market Focus The outlook for residential rents Poor levels of affordability, tight lending criteria, and further expected capital losses on houses, imply both strong growth in the demand for rental accommodation and limited growth in supply... 8th May 2008 · 1 min read
UK Housing Market Update House price indices send a consistent message House price indices differ in their coverage. The Nationwide and Halifax include only sales on which they approve the mortgage, roughly 8% and 20% respectively of the 75% of sales which are... 2nd May 2008 · 1 min read
UK Housing Market Focus The re-emergence of hidden housing supply is set to worsen the housing market downturn Many owner-occupiers are engaged in a form of speculation, in that whether, when, and how much space they buy is heavily influenced by their beliefs about the future course of house prices. As it... 23rd April 2008 · 1 min read
UK Economics Focus Housing equity withdrawal to grind to a halt As the credit crunch bites and house prices fall, we expect housing (also known as mortgage) equity withdrawal (HEW) to dry up almost completely over the next couple of years. Although only a fraction... 22nd April 2008 · 1 min read
UK Economics Focus Housing equity withdrawal to grind to a halt As the credit crunch bites and house prices fall, we expect housing (also known as mortgage) equity withdrawal (HEW) to dry up almost completely over the next couple of years. Although only a fraction... 22nd April 2008 · 1 min read
UK Economics Update UK house price forecast revisions Developments over the past quarter have highlighted the downside risks to our house price forecasts. Accordingly, we have cut them. We now think that house prices will fall by 8% this year, rather... 21st April 2008 · 1 min read
UK Economics Update UK house price forecast revisions Developments over the past quarter have highlighted the downside risks to our house price forecasts. Accordingly, we have cut them. We now think that house prices will fall by 8% this year, rather... 21st April 2008 · 1 min read
UK Housing Market Update UK house price forecast revisions Developments over the past quarter have highlighted the downside risks to our house price forecasts. Accordingly, we have cut them. We now think that house prices will fall by 8% this year, rather... 21st April 2008 · 1 min read
UK Housing Market Update Are mortgage payments really absorbing a record share of income? Clients may have seen an article in the Telegraph on Wednesday 16th April which reported that, according to research company Mintel, mortgage payments now take up a record 25% of the average household... 18th April 2008 · 1 min read
Europe Economics Update Spain’s fiscal boost won’t offset the housing market downturn The latest news on the Spanish housing market supports our view that it is only a matter of time before house prices fall sharply with significant adverse effects on the wider economy. 18th April 2008 · 1 min read
Europe Economics Focus Housing and the credit crunch in Europe There are growing concerns that the credit crunch could trigger a sharp downturn in European housing markets with significant adverse effects on the wider economy. But while euro-zone house price... 17th April 2008 · 1 min read
UK Economics Update Rate cuts are reducing aggregate mortgage payments The rise in mortgage payments facing borrowers coming off fixed rate mortgages has fuelled talk of monetary policy “pushing on a string”. In fact, the fall in payments of households with tracker or... 16th April 2008 · 1 min read
UK Economics Update Rate cuts are reducing aggregate mortgage payments The rise in mortgage payments facing borrowers coming off fixed rate mortgages has fuelled talk of monetary policy “pushing on a string”. In fact, the fall in payments of households with tracker or... 16th April 2008 · 1 min read
UK Housing Market Update How much further might mortgage lending spreads rise? By mid 2009, we expect base rates to have fallen 175 basis points (bps), to just 3.5%. Borrowers with an existing tracker mortgage will benefit, but new borrowers or those looking to remortgage may... 9th April 2008 · 1 min read
UK Housing Market Focus Affordability – why it has never been worse Affordability in the housing market has never been worse. This is not the message given by standard measures because, by focusing only on initial payments, they ignore the fact that the real value of... 31st March 2008 · 1 min read
UK Economics Update End of 100%+ LTVs to dent household good sales The popularity of mortgages with loan to value ratios (LTVS) of over 100% appears to have been a strong support to household goods sales over the past year or so. The decline in these products is... 10th March 2008 · 1 min read
