Company Tag: RICS
Short supply drives RICS’ 2016 house price forecast up to +6%
The Royal Institute of Chartered Surveyors has bumped its property price forecast for 2016 up from +4.5% in November to +6% in its latest housing update.
Property stock levels slip to record low as new instructions fall again
The number of properties on surveyor’s books reached a new low in November, says the RICS, as prices continue to rise at a "firm pace" and transaction levels stay flat.
Prices to rise by 25% in five years as ‘no easing in supply constraint’ – RICS
UK House prices are expected to rise by 4.5% per annum over the next five years, delivering a cumulative increase of around 25% according to the latest from RICS
Agreed sales pick up as demand escalates – RICS
"It is hard not to see prices continuing to move higher over the coming months and into the early part of 2016," says the RICS' chief economist, as the Institute's latest data shows an uptick in agreed…
RICS doubles house price growth forecast for this year
The Royal Institute of Chartered Surveyors has amended its forecasts for this year to reflect higher price growth and lower transaction levels
60% of London surveyors believe local property is ‘overpriced to some extent’
Buyer demand is continuing to rise while supply conditions "continue to tighten," says the RICS in its July Residential Market Survey.
Construction workloads on the up despite skills shortages
Construction workloads rose in Q2 2015 with 44% more respondents to the RICS' regular survey reporting higher activity levels (up from 37% on the previous quarter), driven by office development and private…
#Budget2015: Prime property industry reactions to BtL, Non Dom and IHT changes
The three big policy announcements for the high-value property industry in today's Emergency Budget were a mixed bag
RICS to cut valuation from Homebuyers Report?
The RICS is working on plans to introduce a new Homebuyers Report, without the valuation bit.
Pre-election new instructions fell at fastest rate since 2009 – RICS
Pre-election uncertainty saw new instructions fall for the third month in a row, and house prices rise again in all parts of the UK in April, according to the latest from the RICS
House sales ‘flat line’ as supply drops again – RICS
The volume of sales and of new buyer enquiries "flat lined" in March, says the RICS, as the number of fresh properties hitting the market fell for the second month in a row.
Short supply puts prices back on the rise – except in London
London was the only place in the UK where more surveyors reported price drops than rises in February, with price increases across the rest of the country re-emerging due to the demand supply imbalance, ac…