Bank of England: UK mortgage approvals fall to their lowest since 2013 December 1, 2014 The number of mortgages approved by banks fell to their lowest since June last year in October, figures by the Bank of England showed today. There were 59,426 approvals for house purchases during the month, down from 61,234 in September. That's down from an average of 63,727 over past six months. Mortgage approvals have been [...]
…while lending drops further November 25, 2014 MORTGAGE approvals for house purchases declined for a fourth consecutive month as the market showed signs of slowing. The 37,076 approvals in October mark a 17-month low, according to figures released yesterday by the British Bankers Association. “With housing market activity appreciably off its early-2014 highs, we suspect house prices will generally rise at a [...]
Mortgage approvals fall to their lowest in 17 months as unsecured borrowing leaps November 25, 2014 The Bank of England's Mortgage Market Review (MMR) continues to wreak havoc on mortgage lending. Figures published this morning showed approvals fell to 37,100 in October, their lowest level in 17 months in October. Analysts had expected the British Bankers' Association's (BBA) high street banking statistics to show a more modest fall from September's 39,300 [...]
Buying slows as house prices fall in October November 6, 2014 THE HOUSING market is slowing down as high prices and strict mortgage regulations put off buyers. The average house price fell by 0.4 per cent in October, according to figures released yesterday by Halifax. Monthly data can be volatile, but growth in the three months to October also slowed to 0.8 per cent – the [...]
Rightmove stays bullish despite cooling down of housing market November 6, 2014 Property website Rightmove yesterday said it had a confident outlook for the full year, as more agents and developers used its service to advertise despite signs of a cooling housing market. In a trading update for the four months to 31 October, Rightmove said its membership had grown two per cent since the first half [...]
UK house prices: Growth dips to 8.8 per cent as mortgage cooling measures take their toll November 6, 2014 "Cooling measures" introduced by the Bank of England earlier this year have taken their toll on house prices. Annual growth slid to 8.8 per cent in October, figures by Halifax showed this morning, down from 9.6 per cent in September. The quarterly figure painted an even gloomier picture, with growth of just 0.8 per cent [...]
UK construction activity falls to its lowest in five months November 4, 2014 Activity in the UK's construction industry fell to its lowest level in five months during October, figures out this morning showed. Markit's purchasing managers' index (PMI) for construction, which measures activity in the sector, fell to 61.4 in October, down from 64.2 in September. Any number above 50 denotes growth in activity, so the industry [...]
UK house price growth may be slowing, but Persimmon is bullish November 4, 2014 Persimmon has enjoyed the fruits of 2014’s high house-price inflation, but there were signs in its third quarter figures that a cooling market is beginning to take its toll. The UK’s largest house builder by market capitalisation announced a 12 per cent increase in forward sales totalling £696m in the three months to the end [...]
New data shows housing market is slowing down October 30, 2014 HOUSE price growth continued to slow down in October, adding to the view that the market is experiencing a broad-based cooling. Prices grew by nine per cent year-on-year in October, according to figures released yesterday by Nationwide. Although the annual growth is high, it is slower than the 11.8 per cent seen in June when [...]
UK house prices rise 0.5 per cent in October, but longer-term trend is slowing October 30, 2014 Are house prices rocketing or is their growth slowing? It's getting confusing – according to Nationwide, the unpredictable UK housing market rose in October, with prices up 0.5 per cent month on month, after they fell 0.1 per cent in September. But the annual figure, a more reliable measure, slowed to nine per cent. As [...]