Little Change In Housing Market In May

The outright declines in the interest of new buyers in purchasing a home showed signs of stabilising in May, in the wake of the decision to extend the deadline for withdrawal from the EU till the end of October, according to the latest RICS UK Residential Market Survey. Alongside this, the negative trends in agreed sales, prices and new instructions also all showed some signs of easing, at least at the headline level. Read more on the RICS website.

https://www.rics.org/uk/news-insight/research/market-surveys/uk-residential-market-survey/may-2019/

Housing Sales Remain Subdued As Rent Expectations Continue To Heat Up

Sales activity in the UK housing market remained subdued, according to the latest RICS UK Residential Market Survey. Survey in brief;

  Activity indicators suggest subdued picture in the market will persist

  Improvement in new properties coming to the market likely to be very short-lived

  Rent expectations consistent with the lack of new supply

Download the survey from the RICS website.

https://www.rics.org/uk/knowledge/market-analysis/rics-residential-market-survey/

Residential Sales Flat In May

The May RICS UK Residential Market Survey has shown a few signs of life as houses start to come back on to the market, but overall activity has remained flat and is looking unlikely to gain any impetus in the near term. Briefly;

§  The number of homes coming on to the housing market turns positive for the first time since 2016

§  Buyer demand continues to decline at a headline level but to a lesser extent than at the start of 2018

§  The regional picture remains mixed for prices, demand and sales

Read more on the RICS website.

http://www.rics.org/uk/news/news-insight/press-releases/residential-sales-flat-in-may/

Activity Remains Subdued In UK Housing Market

The UK housing market remains flat at a headline level in the run up to Christmas, according to the November 2017 RICS UK Residential Market Survey. Main points from the survey are;

·         Demand in the UK housing market stabilises

·         Price balance negative in London, South East and East Anglia – offsetting gains elsewhere

·         Forward looking indicators point to little immediate change in the new year

Read more on the RICS website.

Uncertainty Continues To Stifle The Housing Market

House price inflation dropped further in June, according to the latest RICS UK Residential Market Survey. At the same time there's little encouragement for sales activity with agreed sales declining alongside new buyer enquiries and new instructions. This trend is also being reflected in medium term sales expectations where the twelve month indicator, while still positive, has slipped to its lowest level since the immediate aftermath of the referendum [net balance of +12%]. Download the survey from the RICS website.

Surge Of Buy-To-Let Investors Pushes Up Home Prices

RICs’ latest UK Residential Market Survey has seen a rise in new instructions in January, which, although modest, is very welcome. However, with buy-to-let investors rushing to get into the market ahead of the stamp duty hike, the pressure on prices is intensifying despite a higher level of supply. How the tax changes planned for the buy-to-let sector over the next few years plays out remains to be seen, but there are concerns raised in the survey that existing landlords will look to either gradually scale back on their portfolios or exit the market altogether as the more penal regime begins to bite. Against this backdrop, it is perhaps not surprising that our key indicators point to further rent — as well as house price — increases. Read more on the RICs website.

RICS Increases House Price Rise Estimate As Demand Far Outweighs Supply

House prices across the United Kingdom will rise 6% in 2015 due to rising demand fuelled by a shortage of available housing stock, the Royal Institution of Chartered Surveyors has predicted. RICS has today doubled its estimate for house price growth and now predicts prices to have risen by 6% by the end of 2015 as opposed to the 3% it forecast at the beginning of the year. The RICS Residential Market Survey price indicator reached a 15-month high in August, with 53% more of its respondents reporting price rises rather than falls. This trend looks like it will continue into next year. Read more on the RICS website.

Shortage of Instructions in Buyer and Rental Markets Fuel Higher Prices

House price inflation reached an eleven-month high and supply reaches data series low, according to the June 2015 Residential Market Survey. House price growth increased again in June, pointing to renewed acceleration in house price inflation during the second half of the year, according to the latest RICS UK Residential Market Survey. While the average stock of homes per surveyor fell to a record low (data series began in 1978), demand edged upwards for the second successive month, despite the more cautious attitude of lenders. Read more on the RICS website.