View more on these topics

UK house sales flat in March, says RICS

Home-Houses-Different-Mortgage-Rent-700.jpg

UK house sales were flat in March, according to research from the Royal Institute of Chartered Surveyors.

Each estate agent has just 43 properties for sale, the lowest since Rics began collating records in 1994.

Around 13 per cent of surveyors saw falls in new property transactions.

Rics says the number of properties coming to market “remained in decline”, with those surveyed expecting only a “modest improvement” in 2017.

But the trade association says prices are accelerating in some parts of the UK due to a shortage of housing.

Most RICS members think average UK house prices will rise over the next 12 months, but by a smaller margin than in February.

Earlier this week HM Land Registry said the average UK house price in February rose 5.8 per cent year-on-year and 0.6 per cent month-on-month.

However this still remains below the average annual house price growth seen in 2016 which was 7.3 per cent.

The average property in February cost £217,502.

Recommended

Home-House-Money-Property-700x450.jpg

House prices up 5.8% in year to February, says Land Registry

The average UK house price in February rose 5.8 per cent year-on-year and 0.6 per cent month-on-month, according to HM Land Registry. However this still remains below the average annual house price growth seen in 2016 which was 7.3 per cent. The average property in February cost £217,502. The average English property was worth £234,446 […]

House prices fell by 0.3% in March, says Nationwide

House prices fell by 0.3 per cent in March, according to the latest Nationwide house price index, the first drop in prices for two years. The average property price in March was £207,308, a monthly drop of 0.3 per cent, following a 0.6 per cent rise in February. Prices rose on an annual basis, however, growing […]

City house prices rose 6.4% in February, says Hometrack

House price inflation in cities rose 6.4 per cent in February year-on-year, compared to a 2016 average of 7.8 per cent, according to new figures from Hometrack. The latest Hometrack UK Cities House Price Index says affordability pressures continue to bite in many Southern cities. Many regional cities outside the South do not support double […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]

Artemis Investments’ Outlook for 2016

Political change and the ‘normalisation’ of interest rates mean 2016 is likely to be another interesting year. But what will it bring for equities – and bonds? Here, a number of Artemis’ managers share their views. Click here to read the full article

Newsletter

News and expert analysis straight to your inbox

Sign up