Tag: RICS
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ONS House Prices – August 2024
House Prices Climb Higher – But is The Market Cooling Down? The average UK house price hit £293,000 in August 2024, an increase of 2.8% compared to last year, according to the latest official figures. House prices continue to rise – but at a slower pace While prices are still going up, the pace of…
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ONS Price Index of Private Rents (PIPR) – September 2024
Property prices might be slowing down, but rents are still shooting up across the UK, spelling good news for landlords and investors. Despite house prices cooling off, the latest figures from the ONS show that rental demand is still red hot. This means that if you’re thinking about becoming a landlord or expanding your property…
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House Prices on the Rise Again – RICS
Good news for sellers – house prices are on the up across the UK for the first time in two years! This is according to the latest Royal Institution of Chartered Surveyors (RICS) UK Residential Survey, which tracks the state of the property market. Prices Climb as Buyers Return The survey revealed that prices rose…
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Rents Set to Rise as Tenant Demand Outstrips Supply
New figures from the Royal Institution of Chartered Surveyors (RICS) show tenant demand is booming, while the number of properties available to rent is falling. The Perfect Storm for Higher Rents The RICS Residential Survey paints a clear picture: tenant demand is up, with a net 11% of surveyors reporting an increase. On the other…
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Capital Gains Tax Fears Spark Rush to Sell Large Homes
Worried homeowners are rushing to sell their larger properties, fuelled by speculation that a Capital Gains Tax (CGT) bombshell could be dropped in the upcoming October budget. Rightmove, the UK’s leading property website, has reported a massive surge in the number of bigger homes hitting the market. In the week ending September 9th, listings for…
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Is UK Commercial Property Finally Ready to Boom?
Could this be the time to invest in UK commercial property? Recent market shifts suggest that the sector, battered by rising interest rates and economic uncertainty, is starting to show signs of life. The Long Road to Recovery UK commercial property has been one of the hardest hit sectors over the last few years. In…
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ONS House Prices – June 2024
House prices are still rising, but at a slower pace than this time last year. The average UK house price in June 2024 was £288,000, a rise of 2.7% annually. This latest data from the ONS UK House Price Index for June 2024 shows that while prices are still increasing, the pace of growth has…
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ONS Price Index of Private Rents (PIPR) – July 2024
Rents are still going up across the UK. But with tenant demand slowing and fewer properties coming onto the market, is this about to change? Read on for the facts and figures every landlord needs to know. UK Rent Prices Still Climbing in 2024 The latest figures from the ONS show that renting out your…
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Scottish House Prices Keep Climbing Despite Fewer Sales
Scottish house prices continued to rise in July, even though there were fewer homes changing hands. This has been the trend for eight months in a row, showing a strong housing market north of the border. Experts from the Royal Institution of Chartered Surveyors (RICS) say that 30% more surveyors saw house prices increase than…
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Welsh House Prices Down but Property Market Looking Up!
Despite house prices dipping in Wales in July, demand from buyers and the number of properties coming onto the market are both on the up, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. This positive trend has led property experts to predict a rise in the number of house sales…