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 [...]
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 [...]
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 [...]
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 [...]
The UK housing market is experiencing a Spring boost, according to the Royal Institution of Chartered Surveyors (RICS). In its April survey of members, a net balance of 17% more surveyors reported a rise (rather than a fall) in house prices, compared with a positive balance of 9% in March. Furthermore, the average number of [...]
House sellers returned to the market last month in numbers not seen since May 2007, just before the roll-out of Home Information Packs began. According to the Royal Institution of Chartered Surveyors’ (RICS) latest survey, the rate of house price rises slowed in March as new instructions outpaced new enquiries for the third consecutive month. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
The Royal Institution of Chartered Surveyors (Rics) has discovered that a lack of homes up for sale has resulted in the strongest rise in house prices since the start of the credit crunch. According to Rics, its headline house price balance has grown to its highest level since the autumn 2007. It said that almost [...]
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 [...]
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 [...]
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 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 [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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