Tag: Rics

Rics: Housing market remains in the doldrums

Rics: Housing market remains in the doldrums

The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in August with house prices falling further. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers continue to struggle to secure a mortgage and remain uncertain about the economic climate. The [...]

September 13, 2011 | 0 Comments More
CML: Mortgage lending edges higher in July

CML: Mortgage lending edges higher in July

The Council of Mortgage Lenders (CML) has reported the number of loans for house purchase rose in July. According to the Council, there were 48,400 loans advanced for house purchase in the month – up by 1,000 from June’s figure but almost 7,000 lower when compared with July 2010. Commenting on today’s figures, Paul Smee, [...]

September 13, 2011 | 0 Comments More
Rics: Housing market remains weak in July

Rics: Housing market remains weak in July

The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in July with house prices falling further. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers continue to struggle to secure a mortgage and remain uncertain about the economic climate. The [...]

August 9, 2011 | 0 Comments More
Rics: Housing market remains in the doldrums

Rics: Housing market remains in the doldrums

The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in June with house prices falling more than expected. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers remain uncertain about the economic climate. These factors, together with the ongoing mortgage [...]

July 12, 2011 | 0 Comments More
Rics: Spring selling hit by lack of mortgage availability

Rics: Spring selling hit by lack of mortgage availability

The Royal Institution of Chartered Surveyors (Rics) has today reported that the traditional spring selling season has been hit by a lack of mortgage finance and economic uncertainty. This time of year is traditionally busy for the housing market but securing a mortgage remains difficult for many potential buyers – particularly first-time buyers. Furthermore, the [...]

June 14, 2011 | 0 Comments More
Rics: House viewings pick up due to warm weather

Rics: House viewings pick up due to warm weather

The Royal Institution of Chartered Surveyors (Rics) has today reported a pick up in the number of house viewings in April, as a result of the warm weather. This time of year is traditionally busy for the housing market but securing a mortgage remains difficult for many potential buyers – particularly first-time buyers. Furthermore, the [...]

May 10, 2011 | 0 Comments More
Housing market remains subdued, say surveyors

Housing market remains subdued, say surveyors

The Royal Institution of Chartered Surveyors (Rics) has today revealed the UK housing market remained weak last month. The Institution’s March monthly survey revealed sales and prices were flat, while interest from prospective buyers was waning. However, London appears to be bucking the trend with house prices in the capital rising for a second consecutive [...]

April 12, 2011 | 0 Comments More
Rics: Housing market remains subdued

Rics: Housing market remains subdued

The Royal Institution of Chartered Surveyors (Rics) has today revealed the UK housing market remains weak. However, it appears house price falls are easing. While prices in England and Wales continued to fall last month, it was at the slowest pace since last summer. The Rics revealed 26% more surveyors reported house price falls than [...]

March 8, 2011 | 0 Comments More
Rics: Housing market remains sluggish

Rics: Housing market remains sluggish

The Royal Institution of Chartered Surveyors (Rics) has today revealed uncertainty surrounding the economy means buyers and sellers remain cautious. As a result, the housing market has got off to a slow start in 2011 as buyer demand remains weak and supply levels remain low. However, the Institution said new buyer enquiries picked up in [...]

February 8, 2011 | 0 Comments More
Rics: Housing activity slumped in December due to big freeze

Rics: Housing activity slumped in December due to big freeze

The Royal Institution of Chartered Surveyors (Rics) has today revealed activity in the UK housing market fell in December as heavy snowfall gripped most of the country during the month. The Institution said new buyer enquiries were down, while new instructions from vendors fell to an 18-month low. Uncertainty surrounding the economy and the ongoing [...]

January 18, 2011 | 0 Comments More
Rics gives prediction for house prices in 2011

Rics gives prediction for house prices in 2011

The Royal Institution of Chartered Surveyors (Rics) has today indicated house prices could fall by around 2% in the next 12 months. However, the Institution highlights that the fall could be much more severe if the Government’s austerity measures hamper the economic recovery. Many reports have pointed to a cooling housing market with continuous falls [...]

December 22, 2010 | 0 Comments More
DCLG: House prices down 0.1% in October

DCLG: House prices down 0.1% in October

Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices fell by 0.1% in October compared with September, with the average UK home costing £209,466. In the meantime, on an annual basis, house prices are just 5.5% higher, down from the 6.1% annual rise in September. The figures come [...]

December 14, 2010 | 0 Comments More
Housing market continues to cool

Housing market continues to cool

The Royal Institution of Chartered Surveyors (Rics) today revealed the ongoing lack of buyers and economic uncertainty continues to impact negatively on the housing market. There continues to be a high number of unsold properties on the market as buyer demand continues to weaken. Buyers have adopted a “wait and see” approach as uncertainty continues [...]

December 14, 2010 | 0 Comments More
Rics provides gloomy outlook for housing market

Rics provides gloomy outlook for housing market

The Royal Institution of Chartered Surveyors (Rics) today reported the lack of buyers continue to weaken house prices. In its latest survey, it found that new buyer enquiries declined for the fifth month in a row as the housing market continued to slow amid the uncertain economic climate. Many potential buyers have said they remain [...]

November 9, 2010 | 0 Comments More
DCLG: House prices rise 0.7% in August

DCLG: House prices rise 0.7% in August

Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices crept up by 0.7% in August compared with July, with the average UK home costing £213,116. On an annual basis, house prices were up 8.3% in August, slightly down from the 8.4% reported in July. Despite the monthly rise, [...]

October 12, 2010 | 1 Comment More
Rics anticipating house price falls

Rics anticipating house price falls

A high level of properties on the market continues to outnumber buyer demand, and this will impact negatively on house prices, according to the Royal Institution of Chartered Surveyors (Rics). This echoes many reports, which all suggest house prices are heading for a double dip. House prices slumped by around one fifth between autumn 2007 [...]

October 12, 2010 | 1 Comment More
RICS: house prices slipping

RICS: house prices slipping

Surveyors are feeling less optimistic about UK house prices, with more respondents to the Royal Institution of Chartered Surveyors’ (RICS) August survey expecting prices to fall, rather than rise, over the next three months. However, RICS spokesman, Jeremy Leaf, points out that while prices in many parts of the country may be slipping, sales levels [...]

September 14, 2010 | 0 Comments More
House prices fall for the first time in a year

House prices fall for the first time in a year

House prices have shown signs of a fall for the first time in a year. In its latest survey of member, the Royal Institution of Chartered Surveyors (RICS) found that 25% had seen prices drop in the last three months, compared with 11% reporting rises and 64% reporting no change. In July, new buyer enquiries [...]

August 10, 2010 | 0 Comments More
RICS: house prices likely to slip later this year

RICS: house prices likely to slip later this year

In its June Housing Market Survey, the Royal Institution of Chartered Surveyors (RICS) reports that buyer enquiries fell for only the second time since the latter part of 2008. At the same time, new instructions rose to their highest level for three years, weakening optimism over future house price growth as the average stock on [...]

July 13, 2010 | 0 Comments More
House prices hold their own as new instructions rally

House prices hold their own as new instructions rally

The Royal Institution of Chartered Surveyors (RICS) has reported a rise in stock levels on estate agents’ books, following last month’s abolition of Home Information Packs. In May 21% more RICS members reported a rise, rather than a fall, in new instructions, up from 11% in April. In addition, 22% more chartered surveyors reported a [...]

June 15, 2010 | 0 Comments More