“The storm in the housing market is settling”

Print This Post

13 October 2016


Search Acumen200Andy Sommerville, director of Search Acumen, comments on the RICS residential market survey, September 2016.

“Residential market sentiments this September show that house prices across Britain have risen for the second month in a row and the storm in the housing market is settling.”

“Enquiries from buyers have picked up for the first time since February, representing an increase in national demand as confidence seemingly grows. In addition, when looking ahead we see that house price expectations for the three and twelve month horizons have received a new lease of life after a post-brexit chill.”

“Despite a broadly positive outlook on a national level, continually falling prices in the capital reflect the uncertainty in our capital’s financial services industry since the referendum. Expectations of a pick-up in inflation due to the recent blows to the pound will not help the unaffordability of homes in the city whilst RICS forecast further drops in supply.”

“Looking forward to the Autumn Statement, the property sector anticipates the announcement of measures to boost home-building in Phillip Hammond’s first Budget statement. Tackling the growing gap between housing supply and demand will protect our market and allow ‘business as usual’ whilst we await more clarity on our relationship with a fragmented European Union.”

 

 



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Leave a comment

* Denotes required field

All comments will be moderated before posting. Please see our Terms and Conditions

Legal Futures Blog

The security of certainty

Michael Wildy Allianz

What are our considerations when looking to buy home or car cover? I would imagine price would certainly be amongst the considerations, but I’m confident that we would each weigh up whether or not our chosen insurer could meet any claims we might bring, and perhaps as importantly, whether they’d provide us with a hassle-free claims process were the worst to happen. Legal expenses insurance should be no different.

December 6th, 2016