Category Archives: UK Property

Sales-to-Inventory and House Prices Update

This blog updates Proprate’s charts titled Sales-to-Inventory and House Prices and extends the prior blog with the regional sales to inventory.  Chart.1 below illustrates the correlation of UK RICS sales-to-inventory ratio (SIR)  with that of house price inflation. Since our … Continue reading

Posted in Halifax House Price Index, House Price, Nationwide House Price Index, Property, Property Cycle, Real Estate, Sales-to-Inventory, UK Property | Tagged , , , , , , , , , | Leave a comment

UK Inflation Rises: Blame it on VAT

The recent CPI releases reported a rise in consumer price index of 0.1% (for the month) and 4.0% annually. Chart.1 shows the ebbs and flow different measures of inflation: CPI all items, CPI excluding indirect taxes and CPI at constant … Continue reading

Posted in inflation, Property Cycle, Real Estate, UK Property, Uncategorized, vat | Tagged , , , , | 2 Comments

UK HOUSE PRICES 2010-HALIFAX HOUSE PRICE INDEX

The recent release of the Halifax house price index surprisingly reported a 0.8% month on month rise in Jan 2011. Chart.1 below shows that monthly change has become less predictable. My view is that the low transaction volumes have lead … Continue reading

Posted in Halifax House Price Index, House Price, Property Cycle, Real Estate, Sales-to-Inventory, UK Property, Uncategorized | Tagged , , , , | Leave a comment

SALES-TO-INVENTORY AND HOUSE PRICES

The PropRate blog has looked at demand side of property market. In prior posts, we have analyzed the impact of interest rates, GDP, earnings, affordability employment and mortgage approvals, on the property market. This post will review the supply side, … Continue reading

Posted in Halifax House Price Index, House Price, Property, Property Cycle, Sales-to-Inventory, UK Property | Tagged , , , , , , , , , | 2 Comments

AFFORDABILITY AND THE FIRST-TIME-BUYER

In the last post, we compared affordability in most recent 2 cycles. The post reviewed 2 different measures of affordability: mortgage repayments to income and house price to earnings ratio. Most interesting difference between the cycles is the pace of … Continue reading

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Affordability

This post analyses the affordability as measured by Halifax and Nationwide. A recent article in the Guardian discusses the issue of house price to earnings ratio. The author surmises that house prices would have to fall by 25% to reach … Continue reading

Posted in Affordability, Great Moderation, Halifax House Price Index, House Price, Interest Rate, Mortgage, Property Cycle, Real Estate, UK Property | Tagged , , , , | Leave a comment

Earnings and House Prices

After having looked at the number of employees in the prior post, it seems prudent to review the relationship between price of labour or earnings with house prices. The last post, reported that changes in labour supply lagged house price … Continue reading

Posted in average earnings index, employment, Great Moderation, Halifax House Price Index, House Price, Interest Rate, Property, Real Estate, UK Property, Uncategorized | Tagged , , , , , , | Leave a comment