Tag: RICS
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The Hidden Challenges of New Homes – A Snagging Guide
Purchasing a new build property can feel like a dream come true. However, the path to settling into your perfect home is often paved with unexpected hurdles, known in the real estate world as ‘snagging’ issues. Johnny Leadsom, the Director of J3 Advisory, lists these potential pitfalls and offers invaluable advice on how to navigate…
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Bridging Finance Growing in Popularity
Bridging finance, often seen as a short-term funding solution, is gaining traction for its ability to help buyers quickly secure funds, particularly in situations where traditional loans may not be the best fit. These loans are typically secured against property and are invaluable in scenarios such as property refurbishment or preventing a break in a…
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Snagging Property Gems – The Smart Investor’s Guide to REIT Bargains
Savvy investors are always on the lookout for hidden gems that promise growth and profitability. As interest rates stabilise, signaling a potential return to growth for REITs, the opportunity to “buy the dip” and secure investments at a bargain becomes increasingly appealing. However, the traditional reliance on net asset value (NAV) as the primary metric…
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UK Property Auctions Spring to Life
The Essential Information Group, a leading provider of data and insights into the property auction industry, has just released its latest monthly National Auction Analysis. The report highlights a series of positive trends across the board. Despite a slight dip in the number of auctions held compared to last year, the market has seen an…
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ONS Price Index of Private Rents (PIPR) – March 2024
The ONS published their new monthly index, the Price Index of Private Rents (PIPR) for March 2024. Here’s our summary. Overall, renters are facing a significant challenge as private rental prices continue to climb. The provisional estimate has unveiled a 9.0% increase in average UK private rents over the 12 months leading up to February 2024.…
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Housing Market Sales and Enquiries Climb
The UK’s housing market is buzzing with activity, showcasing signs of recovery and optimism. According to the latest report from the Royal Institution of Chartered Surveyors (RICS), the property sector is experiencing an upward trajectory in house sales, buoyed by a resurgence in buyer interest and an increase in new listings. Buyer Enthusiasm and Market…
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Plunge in Planning Permissions Sparks Housing Alarm
The pipeline of new home development in the UK is facing a sharp downturn, according to the latest figures from the Home Builders Federation (HBF). The report, a bellwether for future housing supply, paints a bleak picture, with planning permissions for new homes tumbling to their lowest since records began in 2006. This decline signals…
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UK House Prices Leap in February – e.surv
February brought with it a welcome surprise for many in the UK housing market, as average house prices jumped by £3,000. This 0.8% increase from January marks the most substantial rise in 17 months, as reported by e.surv, a group of chartered surveyors. This rise means that the average value of homes across the UK…
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UK Housing Market Bounces Back to Life
Average asking prices have surged for the second consecutive month, signaling a robust comeback for buyers eager to dip their toes back into the real estate waters. According to the latest data from Rightmove, property prices are marching forward, with average asking prices jumping by 0.9% this month to £362,839. This isn’t a standalone event;…
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ONS Private Rental Prices – January 2024
The ONS published their monthly index of Private Rental Prices for January 2024. Here’s our summary. The beginning of 2024 has seen a significant spike in private rental prices, affecting tenants from England to Scotland, and Wales to Northern Ireland. As of January 2024, the UK has witnessed a substantial 6.2% rise in private rental…