Tag Archives: chartered surveyor

Confidence in housing market is falling, say estate agents Buy to Let News, House Prices, Latest Articles, Property Market News

House price confidence is dropping away as prices fall and buyers melt away, according to estate agents.

One in five estate agents reported drops in April as hopes for future price rises hit the lowest level this year, and some expect property values to keep falling says the latest housing market survey by the Royal Institution of Chartered Surveyors. Continue reading Confidence in housing market is falling, say estate agents


New call for government to regulate letting agents Buy to Let News, Cautionary Tales, Latest Articles, Lettings & Management, Property Market News

The government needs to take action to protect consumers by regulating unscrupulous letting and estate agents, urges the Royal Institution of Chartered Surveyors.

RICS slams the current self-regulating regime as ineffective, complicated, inconsistent and fragmented.

Instead, says the organisation, the government should a impose a single regulatory framework for residential property aimed at protecting consumers.
Continue reading New call for government to regulate letting agents


Rents are cooling – but tenants still expect to pay more Buy to Let News, Latest Articles, Property Market News

Buy to let rent increases are slowing down – but 60% of tenants still expect to pay more to landlords by the end of the year.

More than 70% believe the current letting market favours landlords, while 55% of tenants say they are ‘trapped renters’ who would like to buy but can’t afford a home, according to online property portal Rightmove. Continue reading Rents are cooling – but tenants still expect to pay more


Cloud Over Builders may have Silver Lining for Landlords Buy to Let News, Latest Articles, Property Development, Property Market News

Buy to let looks to continue to prosper as surveyors presented a drab picture of the construction industry.
The government has admitted the country needs an influx of infrastructure and housing projects to boost the economy and provide much needed homes over the few years.

Although difficulties in sourcing mortgages are holding back home buyers, in the long term more homes need building to meet demand.

The UK needs 220,000 new homes every year – and less than half that number were built last year, according to the Communities and Local Government Department. Continue reading Cloud Over Builders may have Silver Lining for Landlords


Sellers Sticking Out for High Prices ‘Hinder’ Housing Market Buy to Let News, Latest Articles, Property Market News, Property Sales & Sourcing

Estate agents are blaming sellers asking unrealistic prices for their homes as one of the reasons for a flatlining housing market.

Pointing the finger at sellers is unfair as they are probably pricing their home on the figure they need to break even from a deal. Continue reading Sellers Sticking Out for High Prices ‘Hinder’ Housing Market


Estate Agents Predict House Prices Will Drop in 2012 House Prices, Latest Articles, Property Market News, Property Sales & Sourcing

House prices are likely to drop by an average 3% over the coming year, predict estate agents.

The number of homes sold may climb, but wider economic problems and the fear of losing jobs will keep the market flat, says the Royal Institution of Chartered Surveyors. Continue reading Estate Agents Predict House Prices Will Drop in 2012


Below Market Value Agent Advertised Misleading House Prices Cautionary Tales, Latest Articles, Lettings & Management, Property Market News

Estate agents quoting misleading below-market-value home sale prices have been reprimanded by the advertising watchdog.

The Advertising Standards Authority (ASA) upheld four complaints against Express Estate Agency, run in Manchester by Sell Quick. Continue reading Below Market Value Agent Advertised Misleading House Prices


Buy to Let Drought Pushes up Yields for Landlords Buy to Let News, Latest Articles, Lettings & Management

A shortage of homes to rent is pushing yields up for landlords – and the trend is likely to continue, say letting agents.

Yields have risen for 21 months in a row according to the latest buy to let market review for the three months ending October 31 from the Royal Institution of Chartered Surveyors. Continue reading Buy to Let Drought Pushes up Yields for Landlords


The Only Home Truth About Property is Unpredictable Prices Latest Articles, Property Market News

Topsy-turvy house prices were up 1.2% in October, but after almost a year of monthly increases and falls they are more or less where they started in October last year.

If any truth has hit home in 2011 it’s that the property market is unpredictable.

In the past 10 months, the market has gone up month-on-month five times, fallen four times and stayed steady for one month. Continue reading The Only Home Truth About Property is Unpredictable Prices


House Prices and Sales are Still Stagnating House Prices, Latest Articles, Property Market News

1 green property amongst a row a red properties

"House prices are stagnant"

Little has changed in the stagnant housing market over recent weeks, according to the latest market and price surveys.

The latest UK house price statistics from the government show house prices sliding back 1.3% over the year to the end of August.

The average UK house price was £208,476, says the Communities and Local Government Department.

Despite the annual fall, prices barely moved over the summer – just 0.2% down in the quarter ending August 31.

Meanwhile, some estate agents (5%) reported fewer homes for sale in September, a housing market survey by the Royal Institution of Chartered Surveyors found.

Estate agents claimed sellers had little confidence in the market and economic worries mean many have doubts about putting their properties up for sale.

The number of homes for sale on agent books increased to 68.9 from 66.9, while sales per branch increased fractionally but still run at just one a week.

Michael Newey, of RICS, said: “Falling supply of fresh stock is indicative of general fears overhanging the economy, with many potential sellers preferring to stay put for now. As a result, the UK housing market remains pretty flat with activity level generally subdued.

“Although it is hard to see what will give the market a lift in the near term, the announcement of a further raft of quantitative easing from the Bank of England will help to at least keep mortgage rates down. This, if nothing else, should ease the pressure on existing homeowners and limit the risk of a material pick-up in repossessions.”

The house price balance remained unchanged during September, with 23% more estate agents telling RICS prices fell.

Estate agent housing market expectations are positive for the coming months, although they fell back from previous months, mainly on the feeling that buy to let investors will return to bricks and mortar as a haven from turbulent financial markets.


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