Tag: RICS
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ONS Price Index of Private Rents (PIPR) – May 2024
Rents are still rising across the UK, but there are signs that the pace of increases is slowing down, giving landlords and potential investors plenty to think about. The latest figures show that the average rent across the UK went up by 8.7% in the year to May 2024. This means that if you were…
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Is the Housing Market About to Hit the Brakes?
Good news for sellers in Scotland and Northern Ireland but for everyone else, things are looking less rosy. After months of positive news, it seems the housing market might be running out of steam. Experts at the Royal Institution of Chartered Surveyors (RICS) say confidence is waning. This comes despite recent improvements and with a…
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7 House Buying Horror Stories – Don’t Get Caught Out!
Buying a home is a dream come true for many, but it can also turn into a nightmare if you’re not careful. Hidden problems can cost you thousands in repairs, and even stop you getting a mortgage! The Sun asked a property expert to reveal the 7 most common issues you need to watch out…
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Want to Buy or Sell at Auction? RICS Has a Guide
The property market’s getting hot, and more and more folks are turning to auctions to buy or sell their homes. But it can be a confusing process. Well, the good news is that the Royal Institution of Chartered Surveyors (RICS) has your back! They’ve just put out a brand-new guide to help you deal with…
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House Prices – Are They Going Up, Down, or Just Sideways?
The housing market is still a bit of a mystery, with conflicting reports leaving many people scratching their heads. Some say prices are soaring, others say they’re stagnating, and some even suggest a fall is on the horizon. So, what’s really going on? A Confusing Picture Let’s break down the latest reports from some of…
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Housing Market Defies Higher Mortgage Rates with Continued Growth
Despite the rise in mortgage rates, the UK housing market continues to display remarkable resilience. According to the latest data from HM Revenue & Customs (HMRC), housing transactions have increased for the fourth consecutive month. In April 2024, transactions rose by 5%, reaching 90,430 up from 86,420 in March 2024. Remarkably, this figure is also…
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London’s Commercial Property Sector Bounces Back
London’s commercial property market is showing robust signs of recovery after experiencing significant challenges over the past few years. A major move by one of London’s leading landlords, Great Portland Estates (GPE), is signaling a positive shift in the market dynamics. On Thursday, GPE announced plans to raise a substantial £350 million through a rights…
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ONS House Prices – March 2024
In March 2024, the average property price in the UK experienced a slight uptick, reflecting a modest but positive growth in the housing market. With average prices climbing to £283,000, homebuyers and investors are seeing changes across various regions and property types. This article provides an in-depth look at the recent data released by the…
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Buy-to-Let Survival Guide – Thrive in Property Investment Without the Pitfalls!
Many newcomers often find themselves enthralled by the prospect of becoming landlords, dreaming of easy profits and substantial long-term gains. However, the reality can be starkly different. PropertyReporter featured a guide from developer and landlord Matt Cottle, to help beginners avoid common mistakes. Essential Strategies for Prospective Landlords 1. Property Acquisition When buying a rental…
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House Hunt Hurdles – Rising Mortgage Rates Curb Buyer Enthusiasm
The housing market in the UK has experienced a shift. After a brief period of increasing interest from buyers, the enthusiasm seems to be waning again due to the escalating mortgage rates. This change in market dynamics is evident from the latest findings of the RICS UK Residential Survey, which provides a detailed look at…