House price growth is weakest since 2011 – Comments from Industry:

Alastair McKee, Managing Director of One77 Mortgages, commented: 

I think it’s fair to say that these latest findings from the RICS aren’t quite in line with what we’re seeing on the ground at present. Despite the consistent setbacks with Brexit buyer sentiment has remained strong so far this year and while politically the landscape looks set to remain a tricky one, I don’t think this will have the impact on the property market that many are predicting.

Surveyors can be notoriously morose when it comes to relaying the health of the market as many lenders find it preferable that they don’t value a property too high, so for the RICS to report such sluggish growth, in what are already tough market conditions, isn’t surprising.

Founder and CEO of the Springbok Property Group, Shepherd Ncube, commented:

There’s certainly an air of jumping on the Brexit bandwagon where this latest report from the RICS is concerned given that it’s based on the sentiment of a relatively small sample of surveyors. We are facing testing times as a nation but to date, our property market has remained a pillar of strength with positive growth in transactions and house prices despite a reduction in the levels of both buyers and sellers.

There are plenty of reasons to remain optimistic despite the Government’s bodged Brexit handling and we’re confident the market will defy wider industry expectations over the coming year to record further positive growth.

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

New anti-money laundering rules now in effect: what landlords need to know

New anti-money laundering (AML) rules came into effect this month, marking a significant change for landlords and the lettings industry as a whole. The new rules mean financial sanctions checks are now required for all lettings, regardless of how much rent is charged. Here, Steve Bond, managing director of residential lettings for Beresfords, explains what…
Read More
Breaking News

Breaking Property News 4/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Stanmore Contractors announces new Stanmore Design House division Stanmore Contractors, the UK’s leading specialist contractor, has today announced the launch of Stanmore Design House, a new division that will provide RIBA Stage 4 and onwards technical design services to its clients – alongside integrated…
Read More
Breaking News

£200 increase in void period penalties for landlords

The latest analysis by Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has found that landlords have been hit with a 26% increase in the cost of void periods in the past year, equivalent to lost income of almost £200. Dwelly analysed average void period data from March 2024 and March…
Read More
Breaking News

37% of homebuyers see purchases delayed

The latest research by GetAgent Exchange, a new platform enabling agents to monetise out-of-area applicant leads, has found that whilst the majority of homebuyers also have a property to sell themselves, 41% don’t consider selling their current property until having started the viewing process for their new home, at the very least. The survey of…
Read More
Seaside Properties UK
Breaking News

Isle of Wight best sun-seeking hotspot for homebuyers

Isle of Wight ranks as most affordable sun-seeking hotspot for homebuyers The latest research from over-50s property specialists, Regency Living, reveals that in the UK’s sunniest county, homebuyers are paying an average of £835 for every minute of daily sunshine. For some homebuyers, living in a place that offers warm weather and sunshine is a…
Read More
Coastal and sea front property
Breaking News

Coast to city cuts property values by £4,300 per minute

Commuting from coast to city can save homebuyers as much as £4,300 per minute New research from Yopa, the full-service estate agents, has revealed where the nation’s homebuyers can secure a coastal lifestyle whilst also remaining within commutable distance of a major city, saving themselves hundreds of thousands of pounds in the process. Yopa analysed…
Read More