Building Societies Association
The prospects for the UK housing market in 2010 dominated discussion at the launch of the UK Housing Review 2009/2010 last week.
BSA Economist, Andrew Gall, presented the findings of the recent BSA Property Tracker, which presents consumers’ views on the property market. Respondents to the survey expect property prices to rise by 3% over 2010. However, this news was tempered by further findings that although the majority think now is a good to buy property, continued job insecurity, coupled with the need to raise a large deposit, remained as major barriers to potential buyers.
Andrew concluded by saying that these barriers may result in price growth being constrained in the future, but he concluded that the survey has demonstrated people's desire for homeownership has not been dented by the recession.
This view was supported by Robert Grundy from Savills. With the economy remaining weak, he said that he expected property prices to fall away again as 2010 progressed. This will be due to the erosion of the pent-up demand that he attributed the recent price rises to.
The UK Housing Review
The primary objective of the UK Housing Review is simply to draw together key current financial and related data about both public and private housing in the United Kingdom, and rapidly assemble them in a coherent and accessible format.
The Review draws on a wide range of Expenditure Plans and Departmental Reports, as well as statistical volumes, survey reports, and other more occasional research reports. The Review also includes several tables constructed from databases that are not routinely published elsewhere.
Many of the tables in the Review provide data over a long time period. Wherever possible those tables start in 1970, providing data at five year intervals for the years to 1990, with annual data for more recent years.
The Review contains several tables providing data for the regions of England. Many of those tables provide data for the long-established standard statistical regions.
The UK Housing Review website
The whole body of tables in the Review, together with the commentaries, are now also available linked to the University of York website. An interim update to the tables in this year's edition of the Review will be available on the website in the Sprin of 2010.
The address for the Review website is www.ukhousingreview.org.uk.
Copies of the UK Housing Review 2009/2010 can be purchased for £45.00, plus P&P. Please email paul.broadhead@bsa.org.uk for more information.
