CEBR predicts UK property prices will rise by 4% this year
The Centre for Economics and Business Research (CEBR) recently released its view on the UK property market which would appear to be in direct conflict with a number of downbeat statements issued by other economic bodies last week. The CEBR believes that UK property prices will rise by around 4% this year and continue to increase until the end of 2014 due in essence to the short supply of properties on the market.
This is the first time we have heard any upbeat news with regards to the UK property market for some time and indeed would seem to conflict with the general opinion that the UK property sector is headed for a double dip recession. Whether or not this upbeat forecast will materialise in the short to medium term remains to be seen but thankfully there would appear to be at least a little hope on the horizon.
As we have mentioned on numerous occasions, the UK property sector is central to the UK economy due to the fact that many individuals have the bulk of their finances tied up in the sector. Any downturn in the UK property sector would obviously have a detrimental impact on the economy but on the flipside of the coin, any improvement in sentiment regarding the UK property sector could well lead to more optimism about the UK economy in the short to medium term.
UK government launches landlord feedback system
The UK government has today launched a new initiative which will allow tenants to post feedback on their landlords on a new online forum. There will also be a new hotline offering advice to tenants as well as a National Landlord Register which will allow prospective tenants to see how quickly their prospective landlords fix problems and how well their properties are maintained. While there is n...Read More
Surveyors report rising house prices
House prices in Britain grew for the 18th month in a row during April, a poll of surveyors has shown.According to the Royal Institute of Chartered Surveyors (Rics), the country's housing market is in "rude health".The institute's monthly report found that 28.9 per cent more surveyors reported a rise rather than a fall in house prices, compared to 26.9 per cent in March.Today's increase comes ahead...Read More
Bank of England gives confusing opinion on UK property
Only a few days ago a member of the Bank of England's monetary policy committee suggested that the UK economy was on the crest of a recovery and the worst was over. Many people took this to be the official line from the Bank of England although over the weekend another member of the monetary policy committee has suggested that the UK property sector may stall in 2010 and could actually go into rev...Read More
Can the housing market really recover as unemployment rises?
The last couple of days have seen a number of articles in various newspapers regarding the UK property market and the fact that surely it is impossible for property prices to recover with unemployment has yet to peak. On the surface we have seen a number of reports from various organisations which suggested that UK property prices are on the way up, but are these reports really objective?
Are property owners in a rush to sell?
The Royal Institute of Chartered Surveyors (RICS) has today issued a report into the UK property sector which appears to show a significant increase in sellers during February. The number of people placing their homes on the market increased twice as fast as those looking to acquire property in February which will place immediate pressure on UK property prices. Over the last few months we have...Read More