Housing Market “picks up”

July 15, 2015

The Council of Mortgage Lenders (CML) says the UK housing market is picking up, following on from a quiet Spring,  homeowners took out 49,000 loans in May that is up from the previous month and  the highest number since December last year.

Paul Smee, Director General of the CML said “House lending  in May was slightly up on the previous month, suggesting the market might be waking up after a subdued first quarter, however, lending levels were still lower than they were a year ago”.

Figures from the Office of National Statistics (ONS) showed annual UK house price inflation rose to 5.7% in May, up from 5.5% in April.

David Orr, Chief Executive of the National Housing Federation responding to the May House Price Index said,“These figures show that the housing crisis is alive and well. Fuelled by consistent failure to build enough homes, the price of becoming a homeowner continues to soar beyond the reach of ordinary people. What’s more, the pace of growth is accelerating.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Zoopla’s 2025 Year in Property: Rural dreams, fastest moving markets and an optimistic end to the year

It’s been a popular year for rural living, with a three-bed detached home in South-West Wales taking the top spot for the most viewed property. The average time to sell in 2025 was 38 days, up from 35 days in 2024. Three-bed terraced properties were the most popular property type. Falkirk in Scotland remains the…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

87,000 transactions set to complete in December

Here’s 6 tips for a stress-free Christmas move With an average of 87,000 home sales taking place during the month of December, Property DriveBuy has compiled practical advice for those due to complete this festive season, a time already known for being one of the busiest and most emotionally charged periods of the year. Despite…
Read More →
Breaking News

Here’s where property values have tumbled this year

While much of the UK housing market has managed to stay on Santa’s nice list this year with modest price growth, new analysis from Springbok Properties shows that a number of local areas are going to find a lump of coal in their festive stockings when it comes to the level of house price appreciation…
Read More →
Breaking News

Halifax House Price Index November – Thoughts from the Industry

Halifax House Price Index for November 2025 shows that: – On a monthly basis, house prices were broadly unchanged in November (0%) after a 0.5% monthly increase in October Annually, house prices were up 0.7% versus this time last year. As a result, the current average property price is now £299,892.   Here are some…
Read More →
Breaking News

Halifax House Price Index November 2025

House prices in November 2025 were flat compared to the same month a year earlier. UK house prices hold steady as yearly growth slows • House prices were broadly unchanged in November (+0.0%) after a +0.5% rise in October • Average property price is now £299,892, edging up to another new record high • Annual…
Read More →
Rightmove logo
Breaking News

Skipton in North Yorkshire crowned 2025’s happiest place to live

Skipton in North Yorkshire has been crowned the happiest place to live in Great Britain for the first time, in an annual study completed by thousands of residents across more than 200 local areas Residents of Skipton ranked the market town particularly highly for its access to nature and green spaces, the friendliness of the…
Read More →