Outlook for sales the weakest in two decades, say Britain’s surveyors
The UK housing market is unlikely to see much change in 2019 with a continuation of weakening sales activity, according to the RICS UK Residential Housing Forecast 2019.
Surveyors body expects Brexit and affordability constraints to take toll on property market
Uncertainty and gloom about Brexit are likely to hit the UK housing market well into next year, surveyors believe.
A new guide has been launched to help buyers and renters in the UK pay a fair amount for their home, based on the accurate size of the property.
As figures show, a staggering 86,000 young people have been homeless at some point in 2018, with no idea where their next meal or safe place to sleep will come from. RICS have produced a unique paper that pulls together answers from every quarter to bring an end to this stain on our society.
Surveyors body expects prices to fall in the south and south-east over next three months
Rents could rise 15% by 2023 as the supply of new rental properties dries up, according to a survey by the Royal Institution of Chartered Surveyors (RICS).
Rents are expected to surge 15 per cent over the next five years thanks to increasing demand and limited supply following government tax assaults on buy to let investors.
Properties in the UK are taking longer to sell than a year ago owing to the "uninspiring" housing market, according to surveyors.
A lack of activity in the UK housing market could make it more difficult for Bank of England policymakers to raise interest rates, surveyors have said.
There has been widespread speculation of a potential increase in the Bank rate in May from its level of 0.5%.
The abolition of stamp duty for many first-time buyers should spark a wider debate over the taxation of property, surveyors say.
New buyers purchasing a home of up to £300,000 no longer have to pay stamp duty owing to changes made in last month's Budget.
Britain’s housing market has stalled, with fewer people looking to buy a new home and prices barely rising across the country, according to a survey by the Royal Institution of Chartered Surveyors (Rics).
Rics expects the market to remain subdued in the coming months as newly agreed sales stay flat or fall in most regions of the UK.
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 caution in a slowing market, according to the September RICS UK Residential Market Survey.
Increasing numbers of transactions collapsed in the third quarter as surveyors down-valued properties, the Bank of England says.
The central bank’s latest summary of business conditions, based on feedback on the economy among 12 regional estate agents, said the housing market has softened, especially in higher price brackets.
A growing number of buy-to-let landlords are likely to exit the private rented sector over the next 12 months due to policy changes, according to the latest Royal Institution of Chartered Surveyors (RICS) survey of its members.
The Royal Institution of Chartered Surveyors (RICS) said its monthly balance of overall British house prices picked up to +6 after dropping to a four-year low of +1 in July.
Activity in the housing market is continuing to flatline, according to the Royal Institution of Chartered Surveyors, but there were signs that price growth could pick up.
Demand to rent British commercial property levelled off for the first time in almost five years during the past three months, as online shopping hurt high-street retailers and Brexit and election worries unsettled other potential tenants.
The UK housing market is in a state of lethargy, according to property surveyors, with estate agents reporting the lowest stock of properties for nearly 40 years.
Members of the Royal Institution of Chartered Surveyors (RICS) said the market might continue "flatlining" for a while.
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