View more on these topics

RICS: Housing market set for ‘slow-down’

House-Home-Property-Ladder-Mortgage-700x450.jpg

The housing market is set for a “slow-down” after new stamp duty rates come in for landlords next month, says the Royal Institution of Chartered Surveyors.

Some 74 per cent of respondents to RICS’ latest survey expect there to be a rush on buy-to-let properties before 1 April, but just 17 per cent believe sales will increase after then.

Moreover, just 21 per cent of respondents expect house prices to increase over the coming quarter.

RICS chief economist Simon Rubinsohn says: “Over the past three months, we have witnessed a surge in buy-to-let activity. Since the Chancellor made his Autumn Statement announcement last November, investors have rushed to purchase homes before the Stamp Duty surcharge comes into effect. It is inevitable that over the coming months, April’s Stamp Duty changes will take a little of the heat out of the investor market.

“While there remain significant doubts as to whether the Government’s plans to encourage a more robust development and construction pipeline will be sufficient to address the housing crisis, long-term price indications for the housing market remain strong, with respondents still expecting them to rise by a further 25 per cent over the next five years.”

Recommended

Bricks building housing construction

Land Registry: House prices up 6.4% in December

House prices in England and Wales rose 6.4 per cent in December, according to the latest figures from the Land Registry. The average property value is now £188,270, according to the data, and monthly house prices rose 1.2 per cent since November 2015. The Land Registry says that London saw the greatest increase in average […]

House-Home-Ad-In-Paper-700.jpg

House prices rose 4.4% in year to January

House prices rose 4.4 per cent to £196,829 in the year to January, according to Nationwide. On a monthly basis, prices fell 0.1 per cent from £196,999. The lender found that annual house price inflation edged back to 4.4 per cent in January after rising to a seven-month high of 4.5 per cent in December. […]

Property-Building-Growth-House-Housing-700x450.jpg

ONS: House prices up 7.7%

UK house prices increased 7.7 per cent in the year to November 2015, according to new figures from the Office of National Statistics. The figures show the average house price was £288,000 in November. Over the year to November house price annual inflation was 8.3 per cent in England, 1.3 per cent in Wales, 0.4 […]

Asking prices up 6.4% year-on-year

The average UK asking price has risen 6.4 per cent year-on-year, according to Rightmove. On a monthly basis, the average asking price rose 0.5 per cent to £290,963 between December and January. Rightmove says this is the second highest increase at this time of year since 2007. Rightmove director and housing market analyst Miles Shipside […]

Champion the small-scale developer

Traditional development finance must price in project and liquidity risk, but if your project is completed and you have begun selling units you could be eligible for cheaper funding, writes Matthew Tooth of Lendinvest. A product which prices purely for liquidity risk is one way to help developers lower their costs. This type of product allows […]

Newsletter

News and expert analysis straight to your inbox

Sign up