Menu
06/08/2009
Housing Market Will Still Face Challenges, Says RICS
Surveyors have predicted that house prices will end "slightly higher" than last year, however the market will still face challenges in 2010.
The Royal Institute of Chartered Surveyors (RICS) report said rising unemployment and increases in mortgage rates will limit the recovery in house prices.
It said the outlook for over the next year remained "clouded".
Senior Economist at RICS, Brigid O'Leary, said: "There has been a clear change in the housing market over the past few months. However, the outlook for 2010 is fairly uncertain, and there is a real risk that prices may slip back again."
RICS predicted in December that UK house prices would drop between 10 and 15% this year.
Ms O'Leary said: "The return of buyer demand and the limited availability of housing on the market could be enough to support prices, so it wouldn't be surprising to actually see prices increase further from here in the short term."
(CD/KMcA)
The Royal Institute of Chartered Surveyors (RICS) report said rising unemployment and increases in mortgage rates will limit the recovery in house prices.
It said the outlook for over the next year remained "clouded".
Senior Economist at RICS, Brigid O'Leary, said: "There has been a clear change in the housing market over the past few months. However, the outlook for 2010 is fairly uncertain, and there is a real risk that prices may slip back again."
RICS predicted in December that UK house prices would drop between 10 and 15% this year.
Ms O'Leary said: "The return of buyer demand and the limited availability of housing on the market could be enough to support prices, so it wouldn't be surprising to actually see prices increase further from here in the short term."
(CD/KMcA)
Related UK National News Stories
Click here for the latest headlines.
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%.
11 May 2010
'Spring Bounce' For Property Market
Britain's housing market enjoyed a 'spring bounce' in April, according to research by the Royal Institute of Chartered Surveyors (RICS). The research showed both property prices and sales levels were rising last month. Approximately 17% of surveyors reported a rise in April, up from 9% in March.
'Spring Bounce' For Property Market
Britain's housing market enjoyed a 'spring bounce' in April, according to research by the Royal Institute of Chartered Surveyors (RICS). The research showed both property prices and sales levels were rising last month. Approximately 17% of surveyors reported a rise in April, up from 9% in March.
08 March 2011
London Property Market On The Up
There has been more evidence of further widening between regions in the UK's housing market. The Royal Institution of Chartered Surveyors (RICS) said this became increasingly noticeable during February, led by an improvement in London, while large parts of the North, East and Midlands continued to experience a more downbeat picture.
London Property Market On The Up
There has been more evidence of further widening between regions in the UK's housing market. The Royal Institution of Chartered Surveyors (RICS) said this became increasingly noticeable during February, led by an improvement in London, while large parts of the North, East and Midlands continued to experience a more downbeat picture.
03 June 2010
House Prices Rise By 0.5%
House prices continued to rise by 0.5% in May, according to the latest survey by Nationwide. The average house price is £169,162, which is £15,000 higher than this time last year.
House Prices Rise By 0.5%
House prices continued to rise by 0.5% in May, according to the latest survey by Nationwide. The average house price is £169,162, which is £15,000 higher than this time last year.
17 June 2003
RICS 'confident' despite slide in house sales
Fears earlier this year of a significant fall in house prices are receding as confidence in the market strengthens, the Royal Institution of Chartered Surveyors (RICS) has said in its latest survey of England and Wales, published today.
RICS 'confident' despite slide in house sales
Fears earlier this year of a significant fall in house prices are receding as confidence in the market strengthens, the Royal Institution of Chartered Surveyors (RICS) has said in its latest survey of England and Wales, published today.
-
Northern Ireland WeatherToday:A rather cloudy start with patchy mainly light rain, but becoming brighter through the day as the rain turns more showery, the best of any sunnier spells in the south. Maximum temperature 16 °C.Tonight:A few bright spells at first and any showers gradually dying out. Low cloud and mist or drizzle over northern coastal parts will spread south to most areas overnight. Minimum temperature 7 °C.
