RICS

Demand for land falls sharply in SW

Authored by Mary

A significant drop in demand for rural land was reported in H1 2016, and with continuing modest supply increases, expectations have been pushed further into negative territory. Across the country, 49% of contributors now expect prices to fall across all farm types over the coming year. Anecdotal evidence from respondents suggests that several factors are combining to dampen sentiment in the...

Brexit having 'negligible effect' on housing market

Authored by News Desk

House price growth remained resilient in July although key indicators covering, agreed sales and new instructions all remained negative in the South West, according to the latest RICS UK Residential Market Survey.

The UK house price growth indicator posted the softest survey reading in three years in July. Just 5% more respondents nationally saw a rise rather than fall in prices, a...

Housing market outlook softens post buy-to-let boom

Authored by Mary

UK house price inflation is set for a slowdown over the coming months as the impact of new stamp duty changes, the EU referendum and the forthcoming devolved elections combine to create a climate of uncertainty in the country’s housing market, the latest survey from the Royal Institution of Chartered Surveyors (RICS) has revealed.

These factors have been most strongly felt in central...

Rural estates hold the key to thousands of affordable homes, says RICS

Authored by Mary

Landowners behind England’s 5,000 largest rural estates should be called upon to release land for affordable housing, according to The Royal Institution of Chartered Surveyors (RICS).

The RICS Rural Policy Paper, published today, sets out a number of recommendations as to how central and local Government could better manage rural land and support countryside communities, including...

SW house prices to increase by 5% in 2016

Authored by Mary

House prices in the South West will see an increase of 5% over the course of next year according to the RICS housing forecast for 2016. This is lower than the national average increase of 6% but the same as London and Northern Island. The North East is likely to see the most modest price rise with a predicted increase for 2016 at 3%.

Transactions nationally will edge up to between 1.25...

Lack of stock continues to drive price growth in SW

Authored by Mary

In November, 40% more chartered surveyors saw house prices rise rather than fall in the South West according to the latest RICS UK Residential Market Survey.

The general mismatch between supply and demand continues to drive growth in prices and 45% more respondents expect prices to rise further over the next three months (as opposed to a fall) – this is higher than the national balance...

SW house prices set to rise by 22 per cent

Authored by George Dawson

House prices are expected to rise in the South West by 4 per cent per annum, over the next five years (a cumulative increase of around 22%)

Rising property prices in the Home Counties could be having a knock-on effect in the South West, encouraging urbanites to downsize into the region’s small holdings, says a local RICS spokesperson. Anecdotally, chartered surveyors in the South West...

House sales in SW continue to rise

Authored by Mary

House sales continue to pick up across the South West in September supported by a modest improvement in the availability of mortgage finance, according to the latest RICS UK Residential Market Survey.

Across the region, 19% more chartered surveyors saw a rise in agreed sales, with 23% more respondents expecting a rise in sales expectations over the next three months. This trend in...

SW house prices continue to rise

Authored by George Dawson

Acceleration in house price growth in the South West continues with 63% more respondents seeing a rise in prices over the last three months, according to the latest RICS UK Residential Market Survey. This is the highest level since April 2002.

The South West region, along with Yorkshire, is also the most confident of price rises in the near term, with 52% more respondents expecting to...

Your property prices are rising

Authored by George Dawson

The South West property market has seen the pace of price rises start to accelerate again due to the demand supply imbalance, according to the latest RICS UK Residential Market Survey.

While nationally Northern Ireland and Scotland continue to outperform the rest of the UK, there were upward shifts in price growth across the South West and the South East, while London saw its sixth...

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