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Aug 2 2022, 08:00 IST/BST
Disruptive technology
July UK housing snapshot
- Companies : HelloFresh SE | Naked Wines plc | musicMagpie plc | Deliveroo plc | DoorDash Inc | Just Eat Takeaway.com | Auto Trader Group plc | Carvana Co | Cazoo Group | Purplebricks Group plc | On the Beach Group plc OLD | AO World plc | Delivery Hero | ASOS plc | Rightmove plc | boohoo group plc | Itsarm plc | Moonpig Group plc | Auto1 Group SE
DAVY VIEW
For the first time in a while, approvals and transaction volumes have fallen below long-run averages. The UK housing market appears to be slowing, mortgage rates are rising and mortgage approvals and transactions declining. The sentiment-led Twindig index, up +7.2% in July, suggests the slowdown was widely expected and, thus far at least, within the parameters of expectation.
