Lack of stock continuing to drive price growth

RICS have released their Residential Market Survey for November. Key Facts: New instructions continue to fall London market impacted by stamp duty change Buyer demand growth moderates   The RICS survey shows prices continuing to rise, which is driven by a shortage of houses coming to the market. Prices are reported to be rising in all parts of the UK with the South West, East Midlands and East Anglia leading the way in terms of growth. Buyer demand edged up during November. New buyer enquiries rose across the majority of areas, apart from London and East Anglia - both areas saw a small decline. Supply On the supply side new instructions continue to fall for the tenth consecutive month.  It is this demand supply imbalance which is causing prices to rise.  The downward trend on new instructions is reflected in the level of inventory on the agents books. Stamp Duty...
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Sales growth picks up speed as solid demand begins to filter through

Despite the fact that sales growth has gained significant momentum over the month, lack of new sales instructions and limited stock are seen as substantial restraints. The September 2015 Residential Market Survey results indicate that this may dampen transaction growth in the future. Although they report that demand is strengthening.
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Scotland and Northern Ireland Continue to Outperform

Northern Ireland witnessed the strongest price growth for the fifth consecutive month with a balance of 47% of respondents reporting rising prices; Scotland followed close behind with a net balance of 38%.
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Property Market set for strong price trend as instructions stagnate

The Royal Institute of Chartered Professionals November 2013 Residential Market Survey further confirms the recent upward trend in house prices and house sales Key facts: Stock levels have been falling at the same time as sales levels have risen, leading to a strengthening of the property market House price expectations from the surveyors is firm Strength in the housing market seen outside of the London market The RICS house price balance is a figure that represents the average view of rising or falling prices. If it is positive it means that more respondents have seen prices rises than falls. The headline price balance for England and Wales is +58, which means that 58% more respondents have seen price increases as opposed to price falls. Price increases are rising due to the strengthening of the property market, with stock levels falling and sales rising. This can be seen with a rise...
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RICS Says UK Property Value Increasing

The UK house market appears to have finally turned a corner! Buyers returned to the market in their biggest numbers since 2009, according to the latest RICS Residential Market Survey and during July, the amount of potential buyers seeking to enter the market grew at the fastest rate in 4-years.
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RICS sees Price Balance positive for first time since mid 2010

RICS have reported in their April Residental Market Survey that the headline price balance is positive for the first time since mid 2010.
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RICS sees stable price picture & increased Activity

The January 2013 Housing Market Survey from RICS reports some positive signs in the UK market.
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RICS Price Balance indicates stable market

The RICS December 2012 Housing Market Survey was released this week and indicates towards a stable picture across England and Wales. Key points to note: The headline price balance improved from -9 to 0 - this means the same number of surveyors saw price rises that saw price falls in the last three months. Represents the first time since 2010 that we do not have a negative price balance - which indicates more price falls that rises. Buyer interest has further increased which have actually been turned into higher transaction Little change in new vendor instructions and agreed sales volume balances Regionally London continues to outperform the other regions and actually in recent months has seen a pick up in price momentum, activity and expectations. The only other region where surveyors are reporting price rises more than falls is in t he South East. All other regions, including Scotland and Norther...
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RICS see a broad imrpovement in key surevy indicators

The Royal Insitute of Chartered Surveyors (RICS) have recently announced their UK Housing Market Survey outcome for October. Three and twelve month horizon indicators are turning less negatives for prices and generally more postive for sales. Headline national price balance was up slightly from -14 to -7. This means 7% more surveyors reported a fall rather than a rise in prcies
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RICS sees stable market with improved expectations for sales

The RICS housing market survey for September 2012 has seen a a relatively stable market with a broadly flat picture for prices and transactions.
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RICS sees Housing Market Activity contract further

The Royal Insitute of Chartered Surevyors recently released their House Market Survey for July 2012, and have found further contractions within the property market.
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RICS sees a deterioration in outlook and fall in Price Balance

The June RICS Housing Market Survey for the UK was released yesterday and shows some downward trends. There is a deterioration in the headline house price balance turning more negative - down from -17 to -22. This means that 22% more surveyors recorded price falls rather than price rises. However as has been standard with the Market Surveyor for quite a while, the majority of surveyors who did see a price fall did so in the lower 0 to -2% range. In June 83% of respondents seeing a fall fell into this category. This does however represent an 8 month low in the net price balance. Market Indicators Furthermore activity was reported to have contracted in June with indicators losing momentum – which is not totally surprising as this post the temporary spike in the lead up to the stamp duty exemption expiring in March. With demand and supply, both new...
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RICS sees impact of stamp duty holiday ending

The Royal Institute of Chartered Surveyors (RICS) has seen the affect of the temporary stamp duty holiday coming to an end in March this year. The headline net price balance however did improve in May from -19 to -16.
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London continues its boyant property market as overall market is flat

The Royal Instituate of Chartered Surveyors (RICS)s April 2012 Housing mArket Survey shows that the UK Housing Market continues to be mainly static, with activity levels in April broadly flat.
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RICS Survey shows continued upward trend

The RICS House Price Balance Survey for March shows a continual upwards trend towards a stabilisation in house prices, with the net price balance for March up from -13 to -10.
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RICS Sales activity statistics end the year on a positive note

The RICS Housing Market Survey for December saw sales activity ending the year a little stronger than earlier in 2011 – although still below historical averages. On the whole this message aligns with those for mortgages approvals and house prices. Although the average number of sales per surveyor was slightly down at 15.2 from last month, this still represents the best highs since August 2010. However the sales expectations net balance was a little more uncertain at zero, meaning the future was a little less certain. The headline net house price balance however remained in negative territory at-16 – although since July 2010 this represents the highest reading (or smallest negative value). What this means is that 16% more surveyors say falling house prices versus those who saw rising housing prices. The sales to stock ratio, which captures the degree of slack in the market, edged up to 22.5%. Although this...
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Sales expectations remain positive says RICS

The RICS House Price Balance for October continues to show a negative net price balance. Over the last 3 months 24% more surveyors have see falling rather than rising prices. However more than half of these surveyors indicated seeing broadly stable prices. Activity figures on the other hand were firmer. New buyer enquires balance was up fro +4 to +7 - i.e. 7% more surveyors reported an increase in enquires that saw a fall. The net balance for fresh supply of properties on the market was also in positive territory at +3. This was carried through into newly agreed sales with a positive balance of +8...this is actually the best reading since April 2010. On the flip side however the average amount of stock on surveyor’s books did increase by 2.7% to 70.9. Regional difference continues The regional difference between London and the rest of the UK continued, with only London...
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RICS sees Stalemate in the Housing Market

The Royal Institute of Chartered Surveyors (RICS) reports it’s UK Housing Market Survey monthly and in June has seen the headline house price balance remain broadly the same.
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London bucks the trend as rest of the country slides back!

The June House Price Balance from RICS (Royal Institute of Chartered Surveyors) has reported deterioration across the nation…except London that has continued to buck the trend. [caption id="" align="aligncenter" width="401" caption="London Bucks the trend!"][/caption] With demand remaining flat the RICS Housing Market Survey, which queries its members on house prices and sentiment, has reported a fall in the house price balance that had started to improve of the last few months. The overall national house price balance was -28, i.e. 28% more surveyors reported price falls rather than price rises. On a positive note the vast majority of those surveyors seeing a fall have reported the declines within the small 0-2% margin. Regions hit hard! Regionally the house price balance is negative in all areas except London. The largest negative figure being West Midlands (-62) followed by Wales (-43). London on the other hard has a positive 32 balance with Scotland...
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The Positive News is Still Negative for House Prices

[caption id="attachment_2572" align="alignright" width="264" caption="Regional divergance with london persits!"][/caption] The RICS Housing Survey for March shows that although the headline price balance has improved again, there are still quite a few negative points to note: headline price balance remains negative, meaning more surveyors are seeing falling rather than rising house prices new enquires fall modestly regional differences with the prices in London continues to increase, with London prices rising. The seasonally adjusted net house price balance was -23%, meaning that 23% more surveyors saying prices falling that saw prices rising. However regionally the pricture was at extremes with London and Scotland, with a net house price balance of 21% and 13% respectively. All the regions of England and Wales reported negative balances, the worst being East Midlands, West Midlands and Yorkshire & Humberside (-54, -48, -48 respectively). For more information read the full RICS press release here.
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