Posts Tagged ‘housing market’
Housing market is a daily nightmare for many families says Shelter
The National Audit Office homelessness report is published today 13th September. Amyas Morse, head of the National Audit Office said: “Homelessness in all its forms has significantly increased in recent years, driven by several factors. Despite this, government has not evaluated the impact of its reforms on this issue, and there remain gaps in its…
Read MoreHousing market is likely to remain subdued for the next couple of years according to PWC
UK economic growth held up better than expected in the six months following the Brexit vote, particularly as regards consumer spending. But growth slowed in the first half of 2017 as inflation rose sharply, squeezing household spending power, according to PWC UK Economic Outlook report July 2017. The PWC states: The housing market is likely…
Read MoreHouse price inflation drops further in June according to RICS
According to the latest RICS UK Residential Market Survey uncertainty continues to stifle the housing market as house price inflation dropped further in June. They state that: At the same time there’s little encouragement for sales activity with agreed sales declining alongside new buyer enquiries and new instructions. This trend is also being reflected in…
Read MoreUncertainty related to General Election having its affect on level of housing market transactions says RICS
The latest Royal Insitution of Chartered Surveyors (RICS) UK Residential Market Survey out today headlines Election causing to buyers and sellers “wait and see” Demand from new buyers, new instructions from sellers and confirmed sales decline further in May according to the RICS. They also mention that house price growth across the UK continues to…
Read MoreHousing market is losing momentum according to Nationwide
Nationwide House Price Index May 2017 released today headlines ‘Further slowing in annual house price growth in May.’ House prices show third consecutive monthly decline for the first time since 2009. Annual house price growth dips to 2.1% from previous 2.6% in April, providing further evidence that housing market is losing momentum. Commenting on the…
Read MoreCML reviews housing in Scotland compared to rest of UK
Latest news release from the Council of Mortgage Lenders (CML) published 30th May 2017 headlined ‘Housing in Scotland: a key political issue’ CML looks at how the market in Scotland compares to the rest of the UK, and reviews different housing practices and policies operating north of the border. Scotland is the second largest housing…
Read MoreNumber of residential property transactions drops by over one fifth in April
HM Revenue and Customs UK Property Transactions Count – April 2017 released 23rd May 2107. National Statistics – monthly property transactions completed in the UK with value of £40,000 or above. The number of residential property transactions dropped by over one fifth in April as the housing market showed further signs of a slowdown. For April…
Read MoreLack of choice is affecting UK housing market activity
The Royal Institution of Chartered Surveyors (RICS) UK Residential Survey April 2017 released today headlines ‘Lack of choice for new buyers hampering housing market as sales decline’. The RICS main house price index for April held at +22, unchanged from March, their measure of how prices are likely to perform in the next three months…
Read MoreHousing market has been slowly building up momentum over the last few months according to CML
Press release today from the Council of Mortgage Lenders (CML) headlines ‘Gross mortgage lending £18.2 billion in February’. The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.2 billion in February. Read the CML Gross Mortgage Lending release in full click here. In the Market Commentary report also released today it states: The…
Read MoreCML estimates Gross mortgage lending reached £18.9 billion in January
News releases yesterday 23rd February from the Council of Mortgage Lenders (CML) included Market commentary February2017 and press release with their estimate that gross mortgage lending reached £18.9 billion in January, up 2% compared to a year ago. They stated: First-time buyer numbers continue to recover in 2016, but home mover numbers remain weak. Remortgage…
Read MoreAnnual rate of house price growth remains broadly stable at start 2017 says nationwide
Nationwide House Price Index (HPI) released today headlines ‘Steady start to the year for UK house price growth’ Annual house price growth is broadly stable at 4.3%, slightly down from last month (Dec 2016) at 4.5%, there was a 0.2% rise month-on-month in January compared to 0.8% for Dec 2016. Commenting on the figures, Robert…
Read MoreHomemover numbers fall in 2016 for first time in 5 years
According to the latest Lloyds Bank Homemover Review released this month, the number of people moving home has fallen for the first time in five years. In 2016 the average house price paid by homemovers increased by 7%, from £273,510 in 2015, to a record high of £291,777. Over the past decade there has been…
Read MoreGross lending for November 3% up on previous month
The Council of Mortgage Lenders (CML) yesterday published new housing market forecasts. Market commentary: 2017 and 2018 forecasts Reported gross lending of £21 billion in November, that is up by an estimated 3% on October, and 3% up on a year ago. Commenting on market conditions and prospects, CML director general Paul Smee said: “Overall, the…
Read MoreHighest level of sales on record to first-time buyers says NAEA
Press release today from the National Association of Estate Agents (NAEA) headlines ‘Sales to first time buyers at highest level on record’.ÿ Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) comments on the findings: _This month_s report paints a positive picture for the UK housing market. Our findings over the last few months…
Read Moresigns of Underlying weakness in housing market
The BBA today released the September 2016 figures for the high street banks. Gross mortgage borrowing of £12bn in the month was 2% lower than in September 2015, net mortgage borrowing is 2.6% higher than a year ago. House purchase approval numbers are 15% lower than in September 2015 and in the first nine months…
Read More