The Council of Mortgage Lenders (CML) expects gross mortgage lending to total around £133 billion in 2012 and net lending (gross lending with repayments and redemptions stripped out) to amount to only £5 billion. The figures compare with estimates of £138 billion for gross lending and £9 billion for net lending for 2011 as a [...]
forecast
Savills predicts 20% rise in private rents
Savills is predicting that rents will rise significantly more than house prices over the next five years, on the back of rising demand from those locked out of, or lacking confidence in, the UK housing market. According to the real estate adviser, private renting will account for one in five households by 2016, although supply [...]
Savills predicts 20% rise in private rents
Savills is predicting that rents will rise significantly more than house prices over the next five years, on the back of rising demand from those locked out of, or lacking confidence in, the UK housing market. According to the real estate adviser, private renting will account for one in five households by 2016, although supply [...]
Repossessions up but mortgage arrears improve
Repossessions rose 15% in the first three months of 2011, compared with the previous quarter, according to new data from the Council of Mortgage Lenders (CML). A total of 9,100 properties were taken back by lenders, equating to 0.08% of all loans, but the figure was 10% lower than a year earlier and fell in [...]
March sees annual house price fall of 2.9%
The latest house price index from Halifax shows the value of the typical home increasing 0.1% in March, to £162,912. Prices were down 0.6% on a quarterly basis with the decline showing an improvement on a fourth-quarter 2010 drop of 1%. However, on an annual basis the average home had lost 2.9% of its value, [...]
RICS: house prices to lose 2% in 2011
In its forecast for 2011, the Royal Institution of Chartered Surveyors (RICS) says it expects UK house prices to finish the year 2% down.
While the value of the average home is likely to continue to slip over the coming months, falling supply should stabilise the market at some stage before July, with prices possibly edging [...]
Mortgage lending shifts back a decade
Gross mortgage lending fell to an estimated £11.1 billion in November, according to the Council of Mortgage Lenders (CML).
The figure represents a 5% drop on October and is down 10% year-on-year, although the flurry of housing market activity created by the end of the 2009 stamp duty holiday needs to be taken into account [...]
Improved credit conditions to support 2011 house prices
Estate agent, Chesterton Humbers, has joined forces with the Centre for Economics and Business Research to forecast house price movements in England and Wales in the year ahead.
Fired by the near accuracy of its predictions for 2010, the firm dismisses suggestions that public spending cuts, weakening employment and a rise in forced sales could result [...]
