UK housing market: Economy perking up?

This publication has been prepared by HSBC Bank plc (“HBEU”) which is part of the HSBC Group. It is intended for information purposes only and is not intended for further distribution whether through the press or via other means. Nothing in this publication constitutes or is to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell the securities or other investment products mentioned in it and/or to participate in any trading strategy. Information in this publication is general and should not be construed as investment advice or guidance as it has been prepared without taking account of the objectives, financial situation or needs of any particular investor. Investors should, accordingly, before acting on any information contained herein, consider the appropriateness of the information having regard to their objectives, financial situation and needs and should, if necessary, seek professional investment and/or tax advice.

Certain investment products mentioned in this publication may not be eligible for sale in some countries or territories and may not be suitable for all types of investors. Investors should consult with their HSBC representative regarding the suitability of any investment products mentioned taking into account their specific investment objectives, financial situation and/or particular needs before making a commitment to purchase any investment products. The value of and the income produced by investment products mentioned in this publication may fluctuate so an investor may get back less than originally invested. Certain high-volatility investments can be subject to sudden and/or large falls in value that could equal or exceed the amount invested. Value and income from investment products may be adversely affected by exchange rates, interest rates, or other factors. Past performance of a particular investment product is not indicative of future results. When an investment is denominated in a currency other than the local currency of an investor, changes in the exchange rates may have an adverse effect on the value, price or income of that investment. Where there is no recognised market for an investment, it may be difficult for an investor to sell the investment or to obtain reliable information about its value or the extent of the risk associated with it.

This publication may contain forward-looking statements which are, by their nature, subject to significant risks and uncertainties. Any such statements are projections and are used for illustration purpose only. Customers are reminded that there can be no assurance that economic conditions described herein will remain in the future. Actual results may differ materially from the forecasts and/or estimates. No assurance is given that expectations reflected in any forward-looking statements will prove to have been correct or come to fruition, and you are cautioned not to place undue reliance on such statements. No obligation is undertaken to publicly update or revise any forward-looking statements contained in this publication or in any other related publication whether as a result of new information, future events or otherwise.

This publication is distributed by HBEU, its affiliates and its associated entities (together, the “HBEU entities”) to their customers. No HBEU entity is responsible for any loss, damage or other consequence of any kind that may be incurred or suffered as a result of, arising from, or relating to any use or reliance on this publication. No HBEU entity gives any guarantee as to the accuracy, timeliness or completeness of this publication. Whether, or in what time frame, an update of any information contained herein will be published is not determined in advance. You should consult your own professional advisor if you have any questions regarding the content of this publication.

HBEU entities and their respective officers and/or employees may have interests in any products referred to in this publication by acting in various roles including as distributor, holder of principal positions, adviser or lender. HBEU entities and their respective officers and employees may receive fees, brokerage or commissions for acting in those capacities. In addition, HBEU entities and their respective officers and/or employees may buy or sell products as principal or agent and may effect transactions which are not consistent with the information set out in this publication.

1. This publication is dated as at 25 January 2024.
2. All market data included in this publication is dated as at close 24 January 2024, unless a different date and/or a specific time of day is indicated in the publication.
3. HBEU has procedures in place to identify and manage any potential conflicts of interest that arise in connection with its research business. HBEU’s analysts and its other staff who are involved in the preparation and dissemination of research operate and have a management reporting line independent of HBEU’s investment business. Information barrier procedures are in place between the investment banking, principal trading and research businesses to ensure that any confidential and/or price sensitive information is handled in an appropriate manner.
4. Recipients of this publication are not permitted to use, for reference, any data in this publication for the purpose of (i) determining the interest payable, or other sums due, under loan agreements or under other financial contracts or instruments, (ii) determining the price at which a financial instrument may be bought, sold, traded or redeemed, or the value of a financial instrument, and/or (iii) measuring the performance of a financial instrument.

In the UK and CIIOM, this publication is distributed by HBEU to its customers and by HSBC Bank UK plc (“HBUK”) to its customers. HBEU is registered in England and Wales (company number: 14259), registered office: 8 Canada Square, London, E14 5HQ, UK. HBUK is registered in England and Wales (company number: 09928412), registered office: 1 Centenary Square, Birmingham B1 1HQ, UK. HBEU is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 114216). HBUK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 765112).

[1228270]