Slowing activity but demand remains high New buyer enquiries rose slightly in the Royal Institution of Chartered Surveyors’ (RICS) November survey, with a net balance of +13%, while new instructions fell for the eighth successive month to -18%. The end of the Stamp Duty holiday, among other factors, has contributed to a dip in housing […]
Category archives: Residential Property Review
Residential Property Review – November 2021
Spending pledges for housing in Autumn Budget In his Autumn Budget delivered at the end of October, Chancellor Rishi Sunak committed more cash to building new homes on derelict or unused land in England, as part of a £24bn fund earmarked for housing. The plans will see 160,000 greener homes built on brownfield land and […]
Residential Property Review – October 2021
Supply still lagging demand Steady buyer demand and a sixth successive month of net negative new instructions, were the stand-out trends in the September UK Residential Market Survey published by the Royal Institution of Chartered Surveyors (RICS). At the national level, new buyer enquiries had a net balance of zero in September, up from -13% […]
Residential Property Review – September 2021
Signs of solidity in UK housing market After reaching record highs in June, the housing market is now ‘taking a breather‘, according to the Royal Institution of Chartered Surveyors’ (RICS) August survey. New buyer enquiries fell for a second consecutive month, with the latest net balance dropping to -14%. Despite this slip in demand, supply […]
Residential Property Review – August 2021
Transition to eco homes hotting up With climate issues becoming ever more urgent, policymakers and the housing industry are increasingly turning their attention to sustainable property development. Making homes greener will play an important part in the UK’s efforts to achieve net-zero emissions by 2050: new and existing homes together account for 20% of the […]
Residential Property Review – July 2021
Building Safety Bill published Claiming “the biggest changes to building safety in nearly 40 years“, Housing Secretary, Robert Jenrick, said that the Building Safety Bill will set out a clear pathway for the future as to how residential buildings should be constructed and maintained. The Bill was published on 5 July to set out new […]