Rics: House prices rising but shortage of homes coming to market

A shortfall in the number of homes coming up for sale remains a major stumbling block for the housing market, economists at the Royal Institution of Chartered Surveyors have warned. While the Chancellor’s Budget measures, including the extension of the stamp duty holiday until the end of June, will give the sector a boost, stock … Read more

House prices will take a year to recover, Rics warns

House prices could take nearly a year to recover from the fallout of the coronavirus pandemic, the UK’s leading property professionals have warned. A Royal Institution of Chartered Surveyors report said that 80 per cent of its member agents had seen buyers and sellers pull out of property deals during lockdown.  Last month, the Rics called … Read more

Property valuations could restart soon as RICS prepares advice

The housing market could be back up and running in just a few weeks after the industry body for surveyors confirmed it will unveil ‘practical guidance’ to enable home valuations to restart safely.  A spokeswoman for the Royal Institute of Chartered Surveyors told This is Money that it is readying a new set of guidelines … Read more