DATA: ONS estimated GDP rose 0.6% in September
Their estimate shows GDP is just 0.8% lower than its pre-pandemic peak in January 2020.
DATA: UK Finance reported falls in mortgage arrears in Q3 2021
They reported a quarterly fall in the number of mortgages in arrears for both owner-occupier and buy-to-let mortgage holders. Arrears for both are near historic low levels.
DATA: Ministry of Justice reported Q3 mortgage & landlord possession data
They reported large percentage increases in workload and repossessions across England and Wales but actual numbers are still well below pre-pandemic levels.
DATA: DLUHC published Council Taxbase for England, 2021
The data provides estimates for the number of properties liable for Council Tax in September 2021. It also provides an alternative source for net housing supply, suggesting an increase of around 220,000 homes in the year to September 2021.
DATA(pdf): RICS market survey reports a lack of stock holding back activity
They reported “Sales soften over the month, but buyer enquiries return to positive growth” and “Lack of stock remains an issue, with new instructions falling once again”.
DATA: ONS published analysis on the energy efficiency of housing
The analysis covers England and Wales and uses energy performance certificates to investigate trends in the energy efficiency of housing.
POLICY: Scottish Government published their Draft Fourth National Planning Framework (NPF4)
They have also launched a consultation on the document
REPORT: Centre for Public Data reported on overseas property ownership
Using FOIs, they’ve published data from Land Registry on the number of properties owned by individuals registered as living overseas. See Chart of the Week for more.
REPORT: CIH reported on supply chain challenges in Wales
The research highlights the challenges faced by providers of social and affordable homes in Wales affecting both the delivery of new homes and the maintenance of existing ones.
REPORT: Knight Frank survey highlighted supply chain pressures
Their survey of “over 50 of England’s leading volume and SME housebuilders” found that “61% of respondents said that supply chain issues and rising material costs were the biggest challenges adding pressure to their bottom line”.
REPORT: Savills published housing market forecasts
They predict UK house prices will rise 3.5% in 2022 and 13.1% over the next five years.
Chart of the Week
Today the Centre for Public Data have significantly improved our understanding of overseas property ownership with the release of their latest report. Until now we’ve only had public data on properties owned by overseas companies but today’s release provides data on the number of properties owned by individuals with overseas correspondence addresses. While we don’t have the individual property records and some overseas owners may have their properties registered with UK correspondence addresses, the data does cover all local authorities in England and Wales, and individual countries of correspondence. Our chart of the week shows the trend in this data over time by region with London both rising fastest since 2010 and containing the most properties. However, reflecting broader market trends, it is the North West that has seen the biggest percentage increase since 2014.
