News Tag: Rics
March 9, 2010
The UK housing market experienced a shift in the balance between supply and demand in February, with new instructions outpacing buyer interest for the second consecutive month.
According to the Royal Institution of Chartered Surveyors' (RICS) latest housing market survey, a net balance of 15% of surveyors reported a rise, rather than a fall, in new instructions, compared with a negative balance ...
House sale instructions outpace buyer interest
by Gill Montia
March 2, 2010
The Rics European Housing Review 2010 has revealed a mixed bag for European house prices.
The Royal Institution of Chartered Surveyors (Rics) found that only five countries reported growth in house prices - with the UK being one of them - rising by 1% in 2009.
Norway led the way with a 12% gain during 2009, while Finland, Sweden and ...
Handful of countries see house price growth in 2009
by Kay Murchie
February 9, 2010
Enquiries from new home buyers dipped in January, for the first time in 14 months.
According to the Royal Institution of Chartered Surveyors (RICS), the winter freeze may have been responsible for the downturn with house sellers also affected and the number of homes being put up for sale falling for the first time in seven months.
Last ...
Spring bounce in housing market likely to be short lived
by Gill Montia
December 22, 2009
New figures from HM Revenue & Customs (HMRC) show the number of homes sold in the UK falling to 87,000 in November, compared with 90,000 in October.
However, last month's total for properties worth £40,000 and above is the second-highest so far in 2009, and the dip still leaves completed transactions at over twice the 41,000 low recorded ...
House sales hold steady as RICS forecasts 2010 price rises
by Gill Montia
December 16, 2009
In its November 2009 Housing Market Survey, the Royal Institution of Chartered Surveyors (RICS) reports that prices continue to rise, despite a modest increase in the number of properties coming up for sale.
According to the research, a net balance of 35% of chartered surveyors agreed that prices were increasing, up from 34% in October.
In addition, more RICS members reported a rise, ...
RICS: House prices continue to rise
by Gill Montia
November 17, 2009
With the stamp duty holiday due to end on 31st December, the Royal Institution of Chartered Surveyors (RICS) is warning that a return to the previous structure of the tax could have a detrimental affect on the UK's fragile property market.
According to the body, regions that are already lagging behind in the recovery will be worst affected.
In a recent ...
Regional response to end of stamp duty holiday
by Gill Montia
November 10, 2009
In its latest survey of the housing market, the Royal Institution of Chartered Surveyors (RICS) concludes that UK house prices will continue to rise in the near term.
The balance of surveyors reporting rises rather than falls in house prices stood at a positive 34% in October 2009, up from 20% a month earlier and with the ratio at its ...
RICS: House prices will continue to rise
by Gill Montia
October 16, 2009
In its September survey of the UK housing market, the Royal Institution of Chartered Surveyors (RICS) describes previous optimism that vendors were starting to return to the market as "a little premature".
A net balance of only 4% of surveyors reported a rise in new instructions, compared to 12% in August, and the average number of unsold properties on estate ...
Vendors continue to sit out housing market downturn
by Gill Montia
October 13, 2009
A survey by online property website Zoopla.co.uk has found that more than three-quarters (79%) of homeowners believe home values will rise in the next six months, while only 11% are expecting house prices to fall over the same period.
In its quarterly survey of housing market sentiment, Zoopla found that overall, the 6,682 homeowners surveyed predicted average house values in their area ...
Zoopla survey reveals housing market optimism
by Kay Murchie
Shortage of homes pushing up prices
by Kay Murchie
September 15, 2009
In its August 2009 survey, the Royal Institution of Chartered Surveyors (RICS) reports that for the first time in over two years, a net balance of chartered surveyors saw rises, rather than falls, in house prices.
The net proportion of RICS members reporting price rises actually stood at 10.7%, the highest result since May 2007 when there was a net balance of ...
Surveyors positive on UK house price rises
by Gill Montia
August 11, 2009
The Royal Institution of Chartered Surveyors (Rics) believes that house prices will rise over the next few months due to a shortage of homes for sale.
According to Rics, part of the renewed optimism within the housing market comes as a result of demand from new buyers outstripping supply.
The organisation said just 8% more surveyors reported seeing ...
Rics: House prices expected to rise due to house shortage
by Kay Murchie
August 6, 2009
The Royal Institution of Chartered Surveyors (Rics) has followed Halifax and Nationwide in reporting a positive outlook for the UK's beleaguered housing market.
Following a "considerable shift" in sentiment, the Rics has abandoned its forecast of price falls of between 10% and 15% for 2009 and is predicting that prices could show a rise over the year.
However, the body ...
Rics house price forecast allows for annual rise
by Gill Montia
July 14, 2009
The Royal Institution of Chartered Surveyors (Rics) has reported a positive change in house price expectations for the first time since May 2007.
In its June survey of members, the net balance of surveyors reporting falling rather than rising prices improved from -43.8 in May to –18.1.
The Institution points out that although the balance remains negative, the reading is at its best ...
More surveyors report rising prices
by Gill Montia
July 10, 2009
Arts and antiques are a safe investment amidst the current turmoil on financial and property markets, the Royal Institution of Chartered Surveyors (RICS) claimed this week.
A RICS survey found that antique prices have held in almost all segments, with silver, militaria and jewellery the strongest performers.
In the contemporary arts market, watercolours and oil have increased 5%, with price rises at the ...
Cautious investors choose safety of antiques
by David Masters
June 16, 2009
New research from the Royal Institution of Chartered Surveyors (Rics) shows that house sellers are now achieving a higher proportion of asking prices.
A survey of Rics members has revealed that the gap between selling and asking prices has narrowed to 11% in the past three months, whereas in August of last year the discrepancy was widening.
The trend shows marked ...
“Asking” to “selling” price gap narrows to 11%
by Gill Montia
June 9, 2009
The Royal Institution of Chartered Surveyors (Rics) has reported that buyer interest increased in May, for the seventh consecutive month.
A poll of members revealed that the net balance of surveyors seeing a rise, rather than a fall, in buyer interest rose to its best level since August 1999.
The trend was most marked in London, the South East and Scotland.
However, ...
Buyer interest rises as estate agent stocks fall
by Gill Montia
May 12, 2009
The latest survey from the Royal Institution of Chartered Surveyors (Rics) describes the mindset of its members as "universally optimistic" over sales.
New buyer inquiries across England and Wales increased for the sixth consecutive month in April; around 41% more surveyors reported a rise rather than a fall, pushing the ratio up from 32% more reporting a rise in March.
The trend proved ...
Estate agents “universally optimistic” on sales
by Gill Montia
April 15, 2009
Sterling rose to its highest level against the US dollar today in three months after the Royal Institution of Chartered Surveyors (Rics) announced that housing market activity is picking up after new enquiries increased for the fifth month in a row.
At one point, sterling reached as high as $1.5037 and also hit a six-week high ...
Sterling gets a much-needed boost after good news in the housing market
by Kay Murchie
Rics survey hints at recovery
by Gill Montia
