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

Appropriate rental homes disproportionate to growing number of older renters

Disabled and older renters in the UK’s Private Rented Sector face significant challenges finding and accessing suitable accommodation, says the industry body. Propertymark, the leading professional body for estate and letting agents, has highlighted an increasing concern in the private rented sector as the disparity in bungalows available to rent impacts the growing number of…
Read More →
Breaking News

Mortgage arrears and possessions Q1 2025

UK Finance today releases its latest mortgage arrears and possessions data for Q1 2025, while highlighting continuing lender support for any customers facing financial difficulty. Key information: The number of homeowner mortgages in arrears fell by two per cent in Q1 2025 compared to the previous quarter. The number of buy-to-let (BTL) mortgages in arrears…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove launches next phase of marketing campaign

Rightmove, the UK’s largest property platform, launches next phase of its brand advertising campaign, ‘If they can find it, so can you.’ The multi-channel campaign will appear in prime-time TV slots, and across digital, social, and outdoor advertising, to help drive people to agents’ brands and properties on Rightmove. ‘If they can find it, so…
Read More →
Breaking News

Zoopla identifies the garage demand hotspots in the UK

London Borough of Barking and Dagenham tops UK demand for homes with garages, with asking prices £129,000 more than the average asking price of a typical home in the area Garages remain a highly desired feature for homebuyers across the nation, with the feature ranked as the second most searched for keyword for two years…
Read More →
Breaking News

New Sanction Rules for Letting Agents

Letting agency businesses across the UK need to work to a new sanctions reporting framework from today, 14 May 2025, and Propertymark has stressed that it is vital that every agent understands the rules and adjusts working practices and systems accordingly. Under the Sanctions and Anti-Money Laundering Act 2018, the UK Government introduced a new…
Read More →
Home and Living

Optimizing Property Maintenance: A Strategic Guide to Boosting ROI

Keeping up with property maintenance isn’t just about fixing things—it’s about protecting your investment and maximizing its value over time. A well-thought-out maintenance strategy ensures steady income while preventing costly vacancies. No matter the type of property you manage, treating maintenance as a smart business move pays off in the long run. Why Maintenance Matters…
Read More →