RICS reports strong price momentum

The RICS Residential Market Survey for August 2014 reports firm price momentum but a moderation in demand with the second month of reduced buyer enquiries.
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RICS see price momentum firm

The RICS Residential Market Survey for June 2014 reports that price momentum nationally is remaining firm, with buyer enquiries rising more modestly than previously - new instructions only increased slightly after some strong increases.
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House prices remain in an upward trend

“A recent report by the Royal Institute of Chartered Surveyors (RICS), has shown that house prices remain firmly in an upward trend. Whilst this might not be such good news for movers and especially first-time-buyers, it could be good news for homeowners looking to remortgage. The reason for this is
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Demand supply imbalance pushing house prices higher

The April 2014 RICS Residential Market Survey released today shows that supply contracted in April yet demand continued to grow, hence pushing prices higher. Net price balance for England and Wales down slightly, but still strong at approximately 55%.
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RICS see Demand Continuing to Strengthen

The RICS Market Survey for February 2014  shows a continued tightening of the market as demand strengthens even further. Key Facts Sales to stock ratio has hit a high post the financial crisis Strong price momentum still in all UK regions Price and Sales expectations at 12 months are at the peak for the series The headline price balance for England and Wales is about +45, meaning 45% more surveyors saw prices increases as opposed price falls. Leading this is the South East with about +75 price balance with Yorkshire & Humberside strong at just below +55. London interestingly has fallen back from the 3 month average of approx +75 down to just over +45. At the bottom of the regions is Wales with a price balance just below +10, down from the 3 month average of +15. The continuing demand along with a continued lack of new instructions is driving...
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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 Survey see highest price balance since mid-2002

The RICS Residential Market Survey for October 2013 highlights that the improvement in the housing market is becoming more widespread, with demand outstripping supply in all areas of the country.
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RICS sees confidence building in the Residential Market Survey

The RICS Residential Market Survey for June 2013 shows there is a growing imbalance between demand and availability in the markety.
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RICS sees housing market gaining traction

The Royal Institute of Chartered Surveyors recently released its new "Residental Market Survey" for May 2013, and it believes its respondents and seen a "gathering momentum" in the housing market"
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How to get from dream to dream home

For Generation Rent, the dream of home ownership may seem like a distant hope, especially when in the UK at the moment the average house costs over five times the average wage (up from three times in 1997, source). Government stats show that last year the shovels came out on over 100,000 new building projects, but for all those that did, there were plenty others that didn’t start at all.
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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, it would seem, is the place to be!

[caption id="attachment_2240" align="alignright" width="304" caption="RICS UK Housing Market Survey"][/caption] The RICS House Market Survey for September, released yesterday, shows a continuing disparity between the housing market in London and the rest of the country. The UK as a whole saw a headline net price balance staying the same in September to August, at -23. This means that 23% more RICS surveyors recorded prices falling as opposed to prices rising. As with most of the year though, most of the respondents who saw failing prices, did so within the small 0-2% range, rather than in larger falls. Regional Difference London continues to be the only region seeing price rises, with a net balance of +25 – with has subdued since last month of +37. Scotland was only just negative. The worst areas reported were the East and West Midlands, with some massive negative net price balances of -63 and -58 respectively. Volume...
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Economic Gloom Hits Housing Market

[caption id="attachment_2240" align="alignright" width="246" caption="RICS UK Housing Market Survey"][/caption] The RICS UK Housing Market Survey for August released today reports the housing market remaining subdued and continuing to be caught by the overall economic gloom. The overall net price balance for housing edged down further into negative territory, from -22 to -23. This means that 23% more surveyors recorded falling rather than rising house prices. As with previous months though the fall that has been seen by surveyors remains small, with 75% of those seeing it within the 0-2% range. Price Expectations Price expectations amongst surveyors fell quite substantially from -13 to -23, with Sales expectations remaining positive and indeed edging up from +16 to +17 Regional Regionally London continues to fair well with a positive price balance of 37. The next best region was the North West, however the price balance was still negative at -13. The lowest regional balance...
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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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RICS sees continual improvement, but conditions still weak.

[caption id="attachment_4900" align="alignright" width="284" caption="Good Weather helps improve market"][/caption] The Royal Institute of Chartered Surveyors (RICS) has reported on it’s latest survey of it’s members. The overall outcome indicates a broad improvement across the market. The general view is this has been helped by the good weather in April. However feedback still shows the market very subdued and uncertain. Headline items: The overall price balance* at -16% was the highest since July 2010, yet it was still negative meaning that more respondents saw falling rather than rising prices. London (23), Scotland (6) and the North (2) report a positive balance with all other regions negative (between -3 and -43) New enquiries have stabilised, however new instructions have risen The balance of the number of Sales excepted is positive, yet the price balance expectations remain negative (apart from London and North West) Although respondents are still seeing falling prices, the vast number...
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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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RICS sees new instructions edge up as Demand stabilises

[caption id="attachment_4337" align="alignright" width="300" caption=""Demand Stabilises" says RICS Survey"][/caption] RICS, the Royal Institute of Chartered Surevyors, has released its monthly survey results. Key points from the survey is: Headline Price Balance* improves - yet remains nagative New instructions rise and new enquiries stablise London bucks the trend by reporting rising prices The headline net price balance (Proportion of surveyors reporting a rise in prices minus those reporting a fall) continued to improve, but still indicates falling prices overall, with 31% of surveyors seeing a fall in prices against 11% seeing a rise. That being said 56% of surveyors have seen house prices remain static. Those surevyors who did see price falls, reported only small downward pressure with between 0-2% reduction. "Although negative, the headline net price balance has now improved for four months in succession and stands at its best level since July last year," Rics said. Not suprisingly London bucked...
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RICS says Snowfall impacts property market activity – though price fall decreasing.

According to RICSs there is evidence that suggest a lacklustre of activity in December due to the heavy snowfall. The Housing Market Survey reported that new buyer enquires (demand) continued to fall in December and new vendor instructions (supply) declined rapidly from -4 to -14. The headline net price balance* however had its second consecutive monthly increase, up from -44 to -39, i.e. 39% more surveyors saw a fall in prices rather than a rise. However on the positive side surveyors are expecting the housing market to pick up in the spring. Jeremy Leaf, Rics spokesman states: "Although bad weather hit the housing market during December sales levels have remained stable,"... "While lack of supply, and more importantly demand continues to impact heavily, surveyor sentiment does appear more positive for the coming months." Regional Of course the headline figures are for the national average and regionally things can be different....
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RICS Housing Balance is up from last month!

The RICS Housing Market Survey for November showed a slight improvement with a net balance increase from -49 to -44. Therefore although more surveyors are seeing prices fall, the overall balance (see below) is up.
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