RICS and mortar still sound investment
Latest figures from the Royal Chartered Institution of Chartered Surveyors (RICS) indicate an annual 4% rise in house prices in England and Wales.
RICS says it expects the increase whatever the results of the EU referendum and elections in Scotland, Wales and Northern Ireland.
It said that the property market had cooled somewhat after a buy to let rush to beat the April 1 deadline for new Stamp Duty surcharges.
Long term, any stability is welcome although the Government does need to do more to support increased housebuilding to ease the imbalance between demand and supply.
In our experience, the property market remains buoyant as we enter one of the busiest times of the year.
Demand for surveys and our range of property related services – including architectural design and structural engineering – remains strong across the public, private and commercial sectors.
As a RICS registered firm, we always take a keen interest in the RICS surveys and market intelligence whilst also working to their high standards.
Our Managing Director Bill McAndrew, Director Ian Lee, Consultant Ken Veness and Chartered Surveyor Alf Wimshurst are all Fellows of RICS while many of our staff are Members of RICS.
You can read more on the RICS website at http://www.rics.org/uk/news/news-insight/press-releases/-uncertainty-in-housing-market-as-uk-waves-goodbye-to-buy-to-let-boom-/
There’s also a story on the BBC website at http://www.bbc.co.uk/news/business-36035154
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You can also email us on [email protected] and call 02392 697193 for advice about all of your property related matters.
And, have a good weekend whatever you are up to!
Latest figures from the Royal Chartered Institution of Chartered Surveyors (RICS) indicate an annual 4% rise in house prices in…