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13/10/2009
House Prices Begin To Rise
A lack of supply is still underpinning the house price recovery, says the Royal Institute of Chartered Surveyors (RICS) September housing market survey.
Significantly, the headline RICS house price balance recorded the highest figure since the onset of the credit crunch.
The net balance of Chartered Surveyors reporting rises rather than falls in house prices reached a positive reading of 22 in September, up from 10% in August - this is the highest result since May 2007, when the net balance was 25 percent.
The South of England is leading the upturn in prices with the net balance of surveyors reporting rises rather than falls for London and the South East climbing to 79% and 52% respectively. Elsewhere, Wales, Yorkshire and Humberside registered negative net balances of 15 and 18%.
Meanwhile, transaction levels continued to improve in September with sales per surveyor rising to 18 over the past three months.
The pace of improvement in buyer interest slowed for the third consecutive month. The net balance of surveyors reporting an increase rather than a decrease in new buyer enquiries slipped from 4% in August to 36% in September. The number of surveyors reporting a rise in new buyer enquires in London dropped back from 71% to 45%.
RICS Spokesperson, Ian Perry said: "A lack of supply is still underpinning the rise in house prices with new instructions to estate agents only edging up very gradually. Meanwhile, despite the problems first-time buyers are continuing to encounter in securing finance, the level of enquiries from potential purchasers is increasing. This imbalance between demand and supply suggests that house prices will move higher in the near term."
(CD/KMcA)
Significantly, the headline RICS house price balance recorded the highest figure since the onset of the credit crunch.
The net balance of Chartered Surveyors reporting rises rather than falls in house prices reached a positive reading of 22 in September, up from 10% in August - this is the highest result since May 2007, when the net balance was 25 percent.
The South of England is leading the upturn in prices with the net balance of surveyors reporting rises rather than falls for London and the South East climbing to 79% and 52% respectively. Elsewhere, Wales, Yorkshire and Humberside registered negative net balances of 15 and 18%.
Meanwhile, transaction levels continued to improve in September with sales per surveyor rising to 18 over the past three months.
The pace of improvement in buyer interest slowed for the third consecutive month. The net balance of surveyors reporting an increase rather than a decrease in new buyer enquiries slipped from 4% in August to 36% in September. The number of surveyors reporting a rise in new buyer enquires in London dropped back from 71% to 45%.
RICS Spokesperson, Ian Perry said: "A lack of supply is still underpinning the rise in house prices with new instructions to estate agents only edging up very gradually. Meanwhile, despite the problems first-time buyers are continuing to encounter in securing finance, the level of enquiries from potential purchasers is increasing. This imbalance between demand and supply suggests that house prices will move higher in the near term."
(CD/KMcA)
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14 December 2010
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House prices slipped further in November, according to the latest RICS UK Housing Market survey. Some 44% more chartered surveyors reported prices fell rather than rose in November, a slight improvement on October's net balance of -49.
Surveyors Report House Prices Falling
House prices slipped further in November, according to the latest RICS UK Housing Market survey. Some 44% more chartered surveyors reported prices fell rather than rose in November, a slight improvement on October's net balance of -49.
12 October 2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
07 September 2005
Halifax reports house prices rise
House prices rose by 1.6% in August, the UK’s biggest mortgage lender, has reported. However, the Halifax warned that the rise could be temporary, boosted by the recent interest rates cuts by the Bank of England. The price rise in August followed a modest 0.4% increase in July and was the biggest monthly rise since September 2004.
Halifax reports house prices rise
House prices rose by 1.6% in August, the UK’s biggest mortgage lender, has reported. However, the Halifax warned that the rise could be temporary, boosted by the recent interest rates cuts by the Bank of England. The price rise in August followed a modest 0.4% increase in July and was the biggest monthly rise since September 2004.
15 April 2008
House Prices Drop To Lowest Levels In 30 Years
House prices are falling to their worst levels in 30 years with a record number of chartered surveyors reporting a drop in the cost of property during March. A report published by the Royal Institute of Chartered Surveyors (RICS) showed 78.5% more surveyors said the value of property had dropped, than those who reported a rise.
House Prices Drop To Lowest Levels In 30 Years
House prices are falling to their worst levels in 30 years with a record number of chartered surveyors reporting a drop in the cost of property during March. A report published by the Royal Institute of Chartered Surveyors (RICS) showed 78.5% more surveyors said the value of property had dropped, than those who reported a rise.
15 September 2009
House Price Balance Turns Positive
The RICS house price net balance turned positive for the first time in two years, according to their latest UK housing market survey. The net balance of Chartered Surveyors reporting rises rather than falls in house prices reached a positive reading of 10.7 percent from a negative reading of 5.
House Price Balance Turns Positive
The RICS house price net balance turned positive for the first time in two years, according to their latest UK housing market survey. The net balance of Chartered Surveyors reporting rises rather than falls in house prices reached a positive reading of 10.7 percent from a negative reading of 5.
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