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

Estate Agent Talk

How homeowners can save big by going green

Homeowners could cut up to £2,000 a year from their energy bills this Energy Savers Week (19th-25th Jan), by combining targeted home improvements with simple efficiency changes and, in doing so, they could improve their mortgage affordability by qualifying for a green mortgage – further boosting the savings on offer from taking a greener approach…
Read More →
Rightmove logo
Breaking News

Largest ever January price jump, as market sentiment rebounds after the Budget

The average price of homes coming to the market for sale rises in January to £368,031, a 2.8% increase from December (+£9,893). This is the largest ever price increase seen in the month of January, and the largest of any month since June 2015: National average property prices are now 0.5% ahead of this time…
Read More →
Breaking News

Office space back in favour as return to workplace drives commercial demand

The latest research by BPS London has revealed that office space is currently the most in-demand commercial property asset across England, as the continued return to a physical workplace sees offices fall back in favour with British businesses. BPS London analysed investor demand across the commercial property market, assessing the proportion of available opportunities within…
Read More →
Breaking News

Breaking Property News 14/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Latest Weil European Distress Index (WEDI) points to a materially more fragile outlook  Europe’s corporate distress picture appeared to stabilise on the surface in Q4 2025, but the latest Weil European Distress Index (WEDI) points to a materially more fragile outlook moving into 2026.…
Read More →
Breaking News

Breaking Property News 15/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Pan-European €400m micro-living portfolio to be managed and digitised by Reos  Prop.com, a leading real estate investment manager focused on unlocking value for investors through digital technology, has launched a strategic partnership with property management and digitalisation specialist Reos GmbH to develop one of…
Read More →
Breaking News

South East sees most sellers relisting

New research from Property DriveBuy reveals that sellers who are re-entering the market are reducing their asking price by an average of £5,300 to try and snag a buyer, but in London this reduction climbs as high as £27,000, while the South East is the region where most sellers are relisting this year having failed…
Read More →