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First-time buyers and families risk being priced out with house price growth at its strongest level since 2016, the Royal Institution of Chartered Surveyors said today. ‘Virtually all parts of the UK are now seeing prices increase’ to some extent, with buyers facing a ‘sharp acceleration’ in prices up and down the country in August, … Read more
The property market mini-boom could go bust as unemployment soars after furlough, estate agents warn Stamp duty holiday is already contributing to lift demand for homes, Rics says But property professionals have warned the recovery may be short lived By Camilla Canocchi for Thisismoney.co.uk Published: 08:13 BST, 13 August 2020 | Updated: 08:13 BST, 13 August … Read more
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
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
Stamp duty holiday should be on the cards to get the property market moving after coronavirus, says Rics Short-term stamp duty holiday could get the market moving again, experts say Estate agents now typically only have around 40 homes on their books Completions, sales, viewings and mortgage deals at a standstill amid pandemic By Jane … Read more