Tag: RICS
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Housing Market Sees Brighter Days Ahead – RICS
The UK housing market, which has been under a cloud of uncertainty, is finally showing signs of improvement. According to a recent survey by the Royal Institution of Chartered Surveyors (RICS), there’s been a positive shift in the market. For the first time since early 2022, sales expectations are on the rise. This uplift in…
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REITs Could Be Your Next Big Investment Bet
Key points – Real estate investment trusts, or REITs, are all the rage in the investment world right now, and there’s a good reason why, according to Proactive Investors. Imagine a sprinter getting ready for a race. That’s what the global real estate market looks like at the moment, having just clocked an impressive 10.4%…
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Reality Check for UK Home Sellers: The Need to Lower Prices
In the UK, home sellers are undergoing a significant adjustment as they find themselves compelled to reduce their asking prices to make a sale. Data from Rightmove indicates that the average time to find a buyer has increased significantly, from 45 days last year to 66 days now. This shift marks a change in the…
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Rightmove’s Revenue Surge Despite Challenging Market Conditions
Rightmove’s revenue has seen a significant uptick, primarily driven by an increase in the average revenue per advertiser (ARPA). ARPA is a crucial metric for Rightmove, reflecting the average earnings generated from each advertiser on its platform. Key Financial Metrics: Factors Contributing to Revenue Growth Despite the slowdown in the UK housing market, influenced by…
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Is This an Ideal Time to Buy a House?
According to the latest analysis from the Office for Budget Responsibility (OBR), a pivotal moment is approaching for those considering investing in property. The OBR, the Government’s independent economic forecaster, has made a significant prediction for the housing market. They anticipate that the best time for house buyers to make their move will be in…
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ONS UK Rental Market Stats: Insights for October 2023
The Index of Private Housing Rental Prices for October 2023 has been released by the Office for National Statistics (ONS). It provides valuable insights into rental market supply and demand trends. Here’s a summary of the key findings and what they mean for investors. Rising Rental Prices Across the UK In the 12 months leading…
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Decline in New Home Registrations
Recent data from the National House Building Council (NHBC) indicates a sharp decline in the registration of new homes—a step where developers indicate their plans to construct new properties. This figure has dropped by 53% compared to last year’s third quarter, marking the lowest since the initial COVID-19 lockdown. Regional Impacts and Property Types The…
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UK Housing Market Shows Resilience – RICS
The recent trends in the UK housing market offer a glimmer of steadiness as we near the end of the year, pointing to a potential stabilisation in the previously declining house prices. Surveyors have taken note of a slight but significant change in the housing market. Although a majority of property professionals, at 63%, observed…
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Downturn in UK Housebuilding: RICS Reveals a Concerning Trend
The United Kingdom’s construction sector, particularly housebuilding, is facing its most challenging period since the onset of the COVID-19 pandemic, according to the latest industry insights. This downturn signals a shift that potential property investors should be keenly aware of, as it can influence both current market conditions and future investment opportunities. A Closer Look…
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Housebuilding at Weakest Level Since 2020
Surveyors have given their most pessimistic evaluation of UK housebuilding since the beginning of the pandemic. Their observations for the three months leading up to September indicate a decreasing trend in construction output, further contributing to the already critical housing supply shortage. The Royal Institution of Chartered Surveyors (RICS) revealed that its housebuilding workload activity…