The UK’s recent housing market rally has run out of steam, according to the latest poll from the Royal Institution of Chartered Surveyors (RICS). Following the upturn in activity seen towards the expiry of the stamp duty holiday in March, prices edged lower in April with 19% more surveyors reporting falls rather than rises. Looking [...]
Royal Institution of Chartered Surveyors
Home buyers continue to test the market
Potential home buyers continued to test the market during March as the stamp duty holiday finally came to an end, says the latest survey from the Royal Institution of Chartered Surveyors (RICS). Nine per cent more surveyors reported increases rather than decreases in demand, the highest reading in almost two years, and the flow of [...]
Housing market pessimism begins to lift
The February survey from the Royal Institution of Chartered Surveyors (RICS) is to be welcomed, as surveyors were at their most optimistic in almost two years. Transaction levels continued to rise – the average number of sales per estate agency branch increased to 16 last month, up almost 4% in the last quarter. However, the [...]
UK house prices down one-third since 2007
In its 2012 European Housing Review, the Royal Institution of Chartered Surveyors (RICS) states that real house prices in the UK have fallen by one-third since 2007, while France and Germany have seen far more modest declines of one-tenth or less. Mortgage rationing has been a “major determinant” of overall housing market sluggishness in the [...]
House sales edge up in January
House sales edged up slightly in January, as first-time buyers looked to beat the stamp duty concession, which ends next month. According to the latest poll by the Royal Institution of Chartered Surveyors (RICS), 12% more respondents reported rises, rather than falls, in newly agreed sales since the start of the year. And with a [...]
House sales steady but prices fall
UK house sales remained steady in December, despite a rise in the amount of new stock coming to market and no signs of a revival in mortgage lending. According to the latest housing market survey from the Royal Institution of Chartered Surveyors (RICS), the average number of completed sales per respondent stood at 15.2 in [...]
RICS: buyer demand and sales rise
The UK housing market saw an increase in buyer demand in November, according to latest research from the Royal Institution of Chartered Surveyors (RICS). Newly-agreed sales rose as a result, with 14% more respondents reporting sales increasing rather than decreasing, up from 9% more in October. The boost meant the average number of sales per [...]
RICS: buyer demand and sales rise
The UK housing market saw an increase in buyer demand in November, according to latest research from the Royal Institution of Chartered Surveyors (RICS). Newly-agreed sales rose as a result, with 14% more respondents reporting sales increasing rather than decreasing, up from 9% more in October. The boost meant the average number of sales per [...]
Yields and rents rise on firm demand
The latest Residential Lettings Survey from the Royal Institution of Chartered Surveyors (RICS) shows yields on rental properties rising in the three months to the end of October. Strong tenant demand has now delivered better yields for landlords over seven consecutive quarters and rents continue to rise, although the pace of growth is slower than [...]
Japanese Knotweed threat recedes
Japanese Knotweed could become less of a threat to UK homeowners, with the Royal Institution of Chartered Surveyors (RICS) encouraging valuers and mortgage lenders to reconsider the implications of the plant. Legend has it that the non-native Reynoutria japonica can push shoots up through several inches of concrete and its reputation for destruction has led [...]
Surveyors rethink UK housing market
Surveyors up and down the country are being asked for new ideas that can help straighten out the UK’s dysfunctional housing market. Since the economic crisis began, the market has changed dramatically with levels of home ownership falling and demands on social and affordable housing way outstripping supply. The Royal Institution of Chartered Surveyors (RICS) [...]
Surveyors rethink UK housing market
Surveyors up and down the country are being asked for new ideas that can help straighten out the UK’s dysfunctional housing market. Since the economic crisis began, the market has changed dramatically with levels of home ownership falling and demands on social and affordable housing way outstripping supply. The Royal Institution of Chartered Surveyors (RICS) [...]
RICS: sales increase as prices slip
The UK housing market saw a rise in activity during October, with sales increasing and demand edging up, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS). Eight per cent more surveyors reported a rise in newly-agreed sales rather than a fall, whereas the proportion was in negative territory during September. [...]
Slow market for haunted houses
As Halloween approaches, the Royal Institution of Chartered Surveyors (RICS) warns that hauntings, or even rumours of hauntings, can dramatically affect the saleability of a property. High profile crimes can also render a home almost un-saleable, with dwellings that have been the scene of a murder or paranormal activity sometimes remaining on surveyors’ books for [...]
Slow market for haunted houses
As Halloween approaches, the Royal Institution of Chartered Surveyors (RICS) warns that hauntings, or even rumours of hauntings, can dramatically affect the saleability of a property. High profile crimes can also render a home almost un-saleable, with dwellings that have been the scene of a murder or paranormal activity sometimes remaining on surveyors’ books for [...]
Fewer homes put up for sale
Fewer homes were put up for sale in September, as fears over the economy left potential vendors scrapping their moving plans. In its latest overview of the UK housing market, the Royal Institution of Chartered Surveyors (RICS) also reports that new buyer enquiries increased marginally last month. Will this supply / demand dynamic at least [...]
RICS: house price expectations negative
The April 2011 housing market survey from the Royal Institution of Chartered Surveyors (RICS) shows a “broad based” improvement in market conditions, when compared with March. More surveyors reported house price falls, rather than rises, but for 82% of those reporting falls, declines did not exceed 2%. London was the only region of England where [...]
RICS: housing market recovery “some way off”
The Royal Institution of Chartered Surveyors (RICS) has declared that the UK housing market remained flat during March, although with regional divergences widening. Overall, there was a slight downturn in demand for property compared with February but surveyors in areas such as Scotland, Wales and the South East reported a steady increase in new-buyer enquiries. [...]
Housing market sees stronger regional variations
The UK housing market is experiencing strong regional variations, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS).
London was the only region to record a positive reading for house prices in February, while outside the Capital 26% more RICS members surveyed saw prices fall, rather than rise, with the East of [...]
RICS: rents increase rapidly
Strong tenant demand resulted in rents rising rapidly in the three months to the end of January, according to the latest Residential Lettings Survey from the Royal Institution of Chartered Surveyors (RICS).
Forty per cent more chartered surveyors reported rising rather than falling rents, the highest positive reading in the survey’s history.
A shortage of mortgage [...]
RICS: housing market remains sluggish
The UK housing market remained sluggish during January, the Royal Institution of Chartered Surveyors (RICS) reports.
Lack of buyer demand and low levels of supply meant that 7% more surveyors reported demand for property falling, rather than rising, with potential purchasers remaining cautious about the outlook for the economy, and the possibility of mortgage rate increases [...]
Flat-pack and recycled homes to alleviate UK housing crisis
Traditional building methods need to make room for cost effective, sustainable designs if the UK’s housing crisis is to be alleviated, a report commissioned by the Royal Society of Chartered Surveyors (RICS) claims.
According to the study, modular homes can be constructed off-site within 12 weeks, and then transported to a given location, at a cost [...]
UK house sales stabilise but outlook “mixed”
UK house sales stabilised at the end of 2010, but the outlook for the property market remains mixed, says the latest housing market survey from the Royal Institution of Chartered Surveyors (RICS).
In the three months to December, the average number of completed sales per surveyor stood at 15.2 with transactions highest in the East Midlands [...]
RICS: house prices to lose 2% in 2011
In its forecast for 2011, the Royal Institution of Chartered Surveyors (RICS) says it expects UK house prices to finish the year 2% down.
While the value of the average home is likely to continue to slip over the coming months, falling supply should stabilise the market at some stage before July, with prices possibly edging [...]
RICS: house prices slip further
Activity in the UK housing market continued to slow during November, with house prices slipping further, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS).
Forty-four per cent more chartered surveyors reported falling (rather than rising) prices, as lack of demand continued to stifle the market; regionally, the West Midlands and Northern [...]
