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News Tag: Royal Institution of Chartered Surveyors

November 22, 2012

RICS calls for greater regulation of lettings sector

by Jan Harris
RICS calls for greater regulation of lettings sector
The Royal Institution of Chartered Surveyors (Rics) is calling for the lettings sector to be more tightly regulated, to prevent lettings agents from charging unlawful fees. With many people unable to afford to buy a property in the current economic climate, the rental market is booming and research by Rics suggests that tenants need greater protection. Under current rules, letting ...




November 13, 2012

RICS reports housing market rebound in October

by Jan Harris
RICS reports housing market rebound in October
Interest from potential home owners revived in October according to the latest figures from the Royal Institution of Chartered Surveyors (RICS). Eighteen per cent more firms reported an increase in interest from new buyers than those who reported a decline in enquiries. This is significantly higher than the 5 per cent of firms who reported an increase in September. RICS said that ...




October 9, 2012

Pick up in UK house sales expected

by Jan Harris
Pick up in UK house sales expected
House sales in the UK are expected to improve in the next three months, helped by the government’s funding for lending scheme, according to the Royal Institution of Chartered Surveyors (RICS). The Funding for Lending scheme, launched by the government and the Bank of England, makes £80bn of lower cost funding available to lenders to encourage them to offer more loans ...




January 10, 2012

Unrealistic house prices hamper market

by Jan Harris
Unrealistic house prices hamper market
Although more new houses were put up for sale in December, transactions were hampered by sellers asking too high a price for their properties, according to the Royal Institution of Chartered Surveyors (RICS). December saw the number of houses put up for sale increase for the third month in a row, especially in London where new instructions reached their highest level since ...




October 11, 2011

Rics: Economic fears hit housing market confidence

by Kay Mitchell
”Rics:
The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market is suffering due to fears over the economy. However, the Institution said the number of enquiries from potential new buyers increased marginally in the month, with 3% more surveyors reporting a rise rather than a fall. First-time buyers, in particular, are struggling to get a foot onto ...




September 13, 2011

Rics: Housing market remains in the doldrums

by Kay Mitchell
”Rics:
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 Rics report said 23% of surveyors reported ...




July 12, 2011

Rics: Housing market remains in the doldrums

by Kay Mitchell
”Rics:
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 rationing, mean the housing market is expected ...




June 14, 2011

Rics: Spring selling hit by lack of mortgage availability

by Kay Mitchell
”Rics:
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 economic uncertainty means the housing ...




May 10, 2011

Rics: House viewings pick up due to warm weather

by Kay Mitchell
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 economic uncertainty means the housing ...




April 12, 2011

Housing market remains subdued, say surveyors

by Kay Mitchell
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 month. In the meantime, the Midlands and the North ...




March 8, 2011

Rics: Housing market remains subdued

by Kay Mitchell
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 gains in February, from 31% in January - better ...




February 8, 2011

Rics: Housing market remains sluggish

by Kay Mitchell
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 January, while new instructions from vendors also saw a ...




January 18, 2011

Rics: Housing activity slumped in December due to big freeze

by Kay Mitchell
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 mortgage rationing also continued ...




December 22, 2010

Rics gives prediction for house prices in 2011

by Kay Mitchell
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 in mortgage approvals. In addition, yesterday ...




December 14, 2010

Housing market continues to cool

by Kay Mitchell
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 to surround the economy and the Government’s spending ...




November 9, 2010

Rics provides gloomy outlook for housing market

by Kay Mitchell
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 cautious and intend to wait until next ...




October 12, 2010

DCLG: House prices rise 0.7% in August

by Kay Mitchell
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, growth has slowed since April, the DCLG ...




September 14, 2010

RICS: house prices slipping

by Gill Montia
”RICS:
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 could begin to pick up as a result. According to ...




August 11, 2010

Mortgage lending improves in June but CML cautious

by Kay Mitchell
Mortgage lending improves in June but CML cautious
Despite the doom and gloom surrounding the housing market currently, there is some positive news from the Council of Mortgage Lenders (CML). According to the CML, 52,000 new loans were granted to home buyers in June - 19% higher than in May and up 14% on June 2009. CML economist Paul Samter points out that this is the 12th month in ...




August 10, 2010

House prices fall for the first time in a year

by Gill Montia
”House
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 fell for the second ...