RICS survey paints gloomy picture at odds with recent sector optimism

Dark clouds above a housing estate with a playing field in the foreground

The latest monthly sentiment survey of chartered surveyors in the residential sales market shows signs of a faltering market, after several months of positive figures and sector optimism. The Residential Market Survey from the Royal Institute of Chartered Surveyors (RICS) conveys a ‘relatively weak backdrop’, with buyer demand and agreed sales falling back into negative […]

Strategic partnerships fundamental for house building at scale, report finds

A close up of a handshake with an office in the background

Following the news that a merger between London and Continental Railways Limited and Network Rail’s property development team will facilitate the delivery of 40,000 new homes, a new report from law firm Winckworth Sherwood suggests strategic partnerships are ‘fundamental’ in enabling residential developers to deliver at scale. The law firm reports that 67% of residential […]

Falling mortgage arrears ‘reflect market resilience’ – UK Finance

A letter headed 'mortgage arrears' with a set of keys on top of it

The trade association for the UK banking and financial services sector has reported a reduction in the number of homeowner mortgages in arrears, with overall possession numbers ‘significantly lower’ than long-term averages. The Q2 mortgage arrears and possessions data from UK Finance – released as RICS members reported a gloomier near-term outlook for the property […]

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