Twindig Housing Market Index (HMI) - 8 May 21
The Twindig Housing Market Index rose by 1.0% to 95.0 this week, its highest level since 21 February 2020. Investors certainly have a spring in their step at the moment and positive news from Barratt Developments and the Bank of England reported the highest level of net mortgage borrowing since records began in April 1993. The lending figures show how active the UK housing market was ahead of the initial Stamp Duty Deadline and we suspect that lenders will already be preparing for higher than normal levels of activity in June and September. Next week we will hear from RICS as they publish their latest UK Residential Market Survey, which reports from those at the cutting edge of the UK housing market.