Rents to continue to slide and home values to follow in short term says Home.co.uk

Home.co.uk today released their Asking Price Index report November 2017 headlined ‘Don’t Panic: Stock Levels are Low and Demand Persistent.’ The summary section leads with: ‘Falling London prices and seasonal factors are weighing heavily on the national average, despite continued price growth in the country’s most vigorous regional property markets (both the East and West…

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Shortage of stock both in the new build and second-hand market says RICS

The latest Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey report September 2017 released today headlines ‘Activity drops amid price increases’. The survey reveals the UK housing market continues to lack momentum in September, as demand from new buyers and sales fall again and the shift in interest rate expectations contributes to buyer…

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Negative trend in prime central London according to RICS

RICS UK Residential Market Survey report – August 2017 released today headlines ‘Growth at the headline level, but regional house price picture remains mixed.’ Although the headline level shows a return to growth, sentiment is less positive in prime central London and to a lesser extent the wider South East, alongside the North and East…

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Price growth and sales activity subdued according to RICS

The RICS UK Residential Market Survey for the month of July published today headlines ‘Activity in UK housing market faltering’. The survey reveals record low stock numbers, political uncertainty and the aftermath of tax changes are obstacles hindering the UK housing market with price growth and sales activity subdued during the month of July. The…

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House price inflation drops further in June according to RICS

According to the latest RICS UK Residential Market Survey uncertainty continues to stifle the housing market as house price inflation dropped further in June. They state that: At the same time there’s little encouragement for sales activity with agreed sales declining alongside new buyer enquiries and new instructions. This trend is also being reflected in…

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Uncertainty related to General Election having its affect on level of housing market transactions says RICS

The latest Royal Insitution of Chartered Surveyors (RICS) UK Residential Market Survey out today headlines Election causing to buyers and sellers “wait and see” Demand from new buyers,  new instructions from sellers and confirmed sales decline further in May according to the RICS. They also mention that house price growth across the UK continues to…

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Lack of choice is affecting UK housing market activity

The Royal Institution of Chartered Surveyors (RICS) UK Residential Survey April 2017 released today headlines ‘Lack of choice for new buyers hampering housing market as sales decline’. The RICS main house price index for April held at +22, unchanged from March, their measure of how prices are likely to perform in the next three months…

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High-end sale properties in central London remain under pressure says RICS

The Royal Institution of Chartered Surveyors (RICS) today released their Residential Market Survey March 2017 headlined ‘Residential sales still lack impetus’. The survey points out that new buyer enquiries and sales remain flat in March and stock levels hit new record low as number of properties coming to market continues to decline. The picture remains…

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Vunerable tenants being pushed out of private rental market according to RICS

The latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey February 2017 released today headlines ‘Rising rents and benefits cuts pushing vulnerable tenants out of private housing market’. According to their survey they state that around one-third of respondents say homeless people and those on housing benefits are being pushed out of private rental…

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PART-TIME SURVEYING DIPLOMA COMING TO MANCHESTER

A residential surveying school based in Milton Keynes is spreading its wings this June as it delivers its first surveying course in Manchester. Following the success of recent courses across the UK, the SAVA School of Surveying will offer training for the industry-recognised Diploma in Residential Surveying and Valuation at the Copthorne Hotel in Manchester,…

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shortage of supply in both the lettings and sales segments says RICS

The Royal Institution of Chartered Surveyors (RICS) today released their UK Residential Market Survey for January 2017 headlined ‘Market needs “turbo boost” as supply shortage continues’. The RICS revealed that demand for rental properties continued to increase at the national level in the three months to January and projected rents would witness a cumulative increase…

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Construction sector has shrugged off concerns about the effect of Brexit says RICS

In a press release yesterday 2nd February, the latest Royal Institution of Chartered Surveyors (RICS) Construction Market Survey, Q4 2016 headlines ‘Expectations for construction workloads regain lost ground’ In the highlights they mention: National workloads still positive with the private housing displaying strongest momentum. RICS Chief Economist Simon Rubinsohn said, “The latest results suggest that…

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House sales faltered in last month of last year according to RICS

The Royal Institution for Chartered Surveyors (RICS) today released their December 2016 UK Residential Market Survey report headlined ‘Housing activity stutters in December’. House sales in the UK faltered in December and the RICS predictions for expected new sales over the next three months are pared back. Central London house prices continue to slip back,…

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RICS publish their Housing Forecast for 2017

News release from the Royal Institution of Chartered Surveyors (RICS) published today headlines ‘UK house prices to increase by 3% in 2017’. According to the RICS housing forecast for 2017,  house prices in the UK will see an average increase of 3% over the course of next year as the number of transactions stabilises. Simon…

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