Tuesday, March 8, 2011

RICs Survey download

RICS Housing Market Survey UK Feb 2011

"Demand stabilises and new instructions edge up • Headline price balance improves but remains negative • New enquiries stabilise while new instructions rise • London bucks the trend; shows rising prices The February 2011 RICS Housing Market Survey highlights four key points. First, the headline net price balance improves but remains negative. Second, new enquiries have stabilised after falling during the second half of 2010. Third, activity levels have also stabilised, with newly agreed sales broadly unchanged during the month while sales per surveyor edged up. Lastly, there is a marked divergence in the regional picture, with London being the only region to record rising prices."

Posted by wdbeast @ 09:21 AM (1637 views)
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7 thoughts on “RICs Survey download

  • My local estate agent is saying that he has had an amazing year so far, 23 completions in January, loads of interest…….

    You never know talking to these people!

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  • “Price expectations continue to fall, with the net balance slipping from –26 to –28.”

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  • sibley's b'stard child says:

    Fair enough HPW, given that there’s still 40-odd k of transactions per month, it stands to reason that some EAs will be ‘bucking the trend’.

    On the other hand, there’s no doubt loads more that are measuring a length of rope about now…

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  • The Chartered Surveyor Market Comments from page 7 onwards tell a more interesting tale than the stats/graphs

    South East – page 8 – Bryan Elphick sums it all up rather crudely and the contributor below him has Sib’s rope at the ready !

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  • As usual most of the comments are either from EA’s trying their best to persuade everyone that we are still in the midst of a mega-boom, or those who blame the media for all the market’s current ills. Some lovely comments here and there though, particularly the guy who thinks the Royal Wedding will save the housing market, because the papers will all get obsessed with that and stop scaring buyers with their negative comments. I loved this one too:

    “Differing signals from market commentators such as Nationwide and Halifax are confusing the buyers.”

    He doesn’t say what the effect of this confusion is – are these poor buyers wandering into oncoming traffic?

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  • “the guy who thinks the Royal Wedding will save the housing market” – what a silly fool ! he should know by now that the Royal Wedding will rejuvenate the whole of the UK economy for 2011 and the Olympics will save the day in 2012.

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  • sibley's b'stard child says:

    Speaking of delusion pelethar; here’s a cracker:

    “Prospective buyers maybe taking the view that buy now before the much expected interest rate rise.”

    Hmm, replace the word ‘buyers’ with ‘sellers’ and you’re spot-on chief.

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