UK Housing Market Chart Pack UK Housing Market Chart Pack (Oct. 2023) Our forecast that the Bank of England won’t start cutting interest rates until the second half of 2024 means mortgage rates are likely to stay between 5% and 6% until mid-2024. While transactions... 23rd October 2023 · 1 min read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Sep. 2023) Our forecast that the Bank of England won’t start cutting interest rates until the second half of 2024 means mortgage rates are likely to stay between 5.5% and 6.0% until mid-2024. While transactions... 19th September 2023 · 1 min read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Aug. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 25th August 2023 · 1 min read
UK Housing Market Chart Pack Higher rates make further house price falls inevitable Higher mortgage rates have not only priced many buyers out of the market altogether, but also reduced the size of mortgage those still able to buy can take out. The latest surge in mortgage rates to... 28th June 2023 · 10 mins read
UK Housing Market Chart Pack Signs of stabilisation (May 23) The larger than anticipated rebound in mortgage approvals in March and a slowdown (or even partial reversal) of house price falls suggested that the housing market downturn may have ended much earlier... 19th May 2023 · 10 mins read
UK Housing Market Chart Pack Downturn moderates, but outlook remains challenging The partial reversal of the spike in mortgage rates following the “mini” budget has helped to stem the deterioration in housing market demand. Our measure of the average quoted mortgage rate has... 30th March 2023 · 10 mins read
UK Housing Market Chart Pack Few signs of market bottoming out The survey data suggest that the modest decline in mortgage rates since October falls a long way short of what would be required for house prices to bottom out. The fall in market interest rates since... 16th February 2023 · 10 mins read
UK Housing Market Chart Pack Jump in interest rates takes its toll The return of inflation for the first time in the inflation-targeting era has led to the biggest jump in Bank Rate and mortgage rates since the late 1980s. The steady downward trend in mortgage rates... 19th December 2022 · 10 mins read
UK Housing Market Chart Pack Mortgage rates unlikely to reverse recent jump While interest rates are unlikely to rise as high as investors expected in the immediate aftermath of the “mini budget”, those hoping that the surge in mortgage rates since will be reversed are likely... 21st October 2022 · 10 mins read
UK Housing Market Chart Pack Deteriorating economic outlook hits sentiment We now think that the reduction in consumer real incomes due to high inflation will push the economy into recession this year. But the Bank of England is likely to have to keep on raising interest... 29th July 2022 · 8 mins read
UK Housing Market Chart Pack Rising mortgage rates begin to take their toll The rise in mortgage rates from a low of 1.5% last November to 1.8% in April is beginning to weigh on home purchase demand, with the new buyer enquiries balance of the RICS survey dropping into... 20th June 2022 · 8 mins read
UK Housing Market Chart Pack Pick up in London demand will be fleeting Despite the permanent increase in working from home, the end of pandemic restrictions has triggered a resurgence in demand in London’s rental and house purchase markets. Annual inflation in the ONS... 22nd April 2022 · 6 mins read
UK Housing Market Chart Pack Peak demand Most leading indicators of housing market activity and house prices remain strikingly buoyant, but the first signs that demand will soften are now appearing. There is no question that house prices... 24th March 2022 · 9 mins read
UK Housing Market Chart Pack Homeowners to keep on moving in 2022 Homeowners appear to be pressing ahead with plans to move house even though stamp duty is now fully reinstated. Transactions inevitably dipped last October as sales were rushed through in September to... 23rd February 2022 · 8 mins read
UK Housing Market Chart Pack London transactions outperform, but not prices The jump in transactions during the pandemic was larger in London than other regions as the market didn’t experience the same drop in supply as elsewhere. That reflected many existing homeowners... 25th January 2022 · 6 mins read
UK Housing Market Chart Pack Strength to persist into 2022 The continued strength of the housing market after the end of the stamp duty holiday shows that it was far more than the tax break that kept prices surging in 2021. The three key drivers of demand -... 23rd December 2021 · 8 mins read
