Tag: RICS
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House Prices Still Falling But Green Shoots on the Horizon – RICS
Good news for sellers – the property market is looking a bit brighter! While house prices are still falling, there are signs things might be about to change. The Royal Institution of Chartered Surveyors (RICS) say a combination of lower interest rates and the government’s plans to boost house building have made buyers and sellers…
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House Prices Climb in July as Experts Predict “Modest Growth” for Rest of 2024
House prices rose again last month – but buyers in certain regions are bagging bargains. The Halifax House Price Index has revealed that UK house prices increased by a solid +0.8% in July, bringing an end to three months of stagnation. This means the average house price in the UK now stands at £291,268 –…
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House Prices Set to Rise as Buyers Flood Back to Northern Ireland’s Competitive Market
Good news for sellers as house prices in Northern Ireland are predicted to climb in the coming months, fuelled by increasing buyer interest and a shortage of available properties. The latest Residential Market Survey from the Royal Institute of Chartered Surveyors (RICS) and Ulster Bank reveals that recent dips in inflation and whispers of future…
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Scottish Commercial Property Market – Is Now the Time to Invest?
The Scottish commercial property market is showing signs of life after a tough few years, with occupier demand slowly creeping back up. But while things might be looking brighter, there’s still a lot of uncertainty hanging in the air. Occupier Demand on the Rise, But Not Everywhere Overall, occupier demand across all sectors saw a…
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Welsh Property Market – Industrial Booms While Offices Struggle
Is the Welsh property market a good bet for investors? The latest figures from RICS show a mixed bag, with industrial space booming while office and retail face tough times. The Royal Institution of Chartered Surveyors (RICS) has just released its latest commercial property report for Wales, and it shows that occupier demand for commercial…
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ONS Price Index of Private Rents (PIPR) – June 2024
The latest figures from the ONS’ Price Index of Private Rents (PIPR) are in, and while they show a slight slowdown in rent growth, it’s not exactly cause for panic just yet. Rent Increases Still a Reality The average private rent in the UK jumped by a hefty 8.6% in the year leading up to…
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Election Jitters and Soaring Mortgage Costs Spook London’s Luxury Homebuyers
London’s prime property market had a lukewarm June, with sales slumping by 17% compared to last year. Experts are pointing fingers at the recent election and sky-high mortgage rates for scaring away deep-pocketed buyers. The uncertainty surrounding the election seems to have made wealthy homebuyers hit the pause button on splashing out on luxury pads.…
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House Prices Stall as Buyers and Sellers Play the Waiting Game – RICS
The property market is in a stalemate, with both buyers and sellers hesitant to make a move, according to a new report. The Royal Institution of Chartered Surveyors (RICS) monthly survey reveals that the number of house sales has fallen for the third month in a row. This is because there are fewer buyers looking…
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UK House Price Indexes: Your Guide to Understanding What the Numbers REALLY Mean!
Trying to understand the housing market can feel like you’re lost in a jungle of confusing numbers. Every month, a bunch of different groups throw out house price figures, and it’s enough to make anyone’s head spin! But don’t worry, we’re here to guide you through the madness. Whether you’re buying, selling, or just curious…
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ONS House Prices – April 2024
The average UK house price has reached £281,000, according to latest statistics from the ONS. While this marks a slight increase of 0.3% from March, the annual growth rate has slowed to a modest 1.1%, hinting at a shift in the market. Is the property boom finally losing steam? The latest figures from the UK…