Downbeat property market shows ‘little prospect of any turnaround in the immediate future’ – RICS
UK housing market activity metrics 'remain in deeply negative territory,' says the RICS, as property prices fall further.
Surveyors expect the weak sales market to continue for 'a while longer', before more stability returns.
Key property market activity metrics all remain negative - but less so than in January.
'An important message coming back from RICS agents is around ensuring prices are set with an eye on the market conditions of today, rather than the recent past,' says the Institute's Chief Economist; 'when…
Companies in this articleRICS
Longstanding independent firm ramps up resi division with recruitment of high-profile broker & star of Britain’s Most Expensive Houses as head of sales.
CBRE and Beauchamp Estates are about to launch sales at Three Kings Mayfair, for JV developers 1.61 London, Urbanwise and Valpre.
Andrew Russell & Ben Bentley's independent firm, The Country House Department, is on course for a 'record' year following a number of big-ticket deals.
Boutique development on Mount Street houses four luxury apartments designed by Rigby & Rigby, plus some retail and office space.
High-end specialists from Savills summarise the key drivers shaping the PCL lettings & sales markets this year.
Hamish Bruce has joined Inhous following stints at Marsh & Parsons and Black Brick.
Freehold swathe on sought-after Tite Street has scope for a significant prime resi scheme.
Walnut Tree House in Hampton Wick comes with a boathouse and private mooring, and was once home to the owner of Fortnum & Mason.
While eco-solutions require significant investment in terms of both strategy and execution, the long-term gains are already evident, explains Strutt & Parker's Josh Ayres.
By Josh Ayres
Real estate continues to be the largest concentration of wealth in the world, reveals Savills, worth almost four times the value of global GDP.
PCL has once again gone ‘on sale’ due to a near-term tumble for GBP, reports David Huggett.
Fixer-uppers are in high demand, says Rightmove.
The latest weekly data from LonRes shows a continuing spike in asking price reductions across both sales and rental markets.