Housing and mortgage forecasts

Our forecasts are summarised below. You can read the full housing and mortgage market forecasts in Market commentary.

Last revised December 2013

 Residential property transactions, UK
000s
gross advances


£bn
Net advances



£BN
Arrears, 2.5% or more of balance at end periodPossessions in period
2009 858 144 12 199,600 48,900
2010 886 135 8 175,800 38,500
2011 885 141 10 161,400 37,300
2012 932 143 8 157,900 33,900

20131

 

1,045

(950)

170

(156)

10

(12)

150,000

(160,000)

30,000

(35,000)

2014f 1,140 195 15 150,000 28,000
2015f 1,100 206 20 160,000 30,000

Source: Bank of England, National Statistics, HM Revenue and Customs, CML

Notes:
1.  For 2013 we report our latest estimates together with our previous forecasts as at December 2012 .
2.  Transactions are based on Her Majesty's Revenue and Customs' series for UK residential transactions valued at £40,000 or over. These include cash-based sales that have comprised roughly a third of transactions in recent years. 
3.  Figures for arrears and possessions relate only to first charge mortgages.