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...“Demand continues to recover gradually across the UK housing market, with new buyer inquiries rising for a third month in succession,” said Tarrant Parsons, senior economist at Rics....
...The index for agreed sales was lower than in January, but both readings indicated “a stronger trend in sales volumes than was evident through much of the past 12 months”, according to Rics....
...A separate Rics index tracking new buyers’ inquiries rose to seven in January from minus three in December — which was also the strongest reading since February 2022....
...Jeremy Leaf, an estate agent in London and a former residential chair of the Royal Institution of Chartered Surveyors (Rics), said the ONS data was the most comprehensive of all surveys because it includes...
...The Rics data suggested the improvements in the market, reflected in rising house prices and mortgage approvals, would continue into the months ahead as mortgage rates fall back further from their summer...
...As of the end of February, the FTSE China RIC Capped Index was trading at a price/earnings ratio of just 9.44 times and price/book ratio of 1.15 times....
...Sam Rees, senior public affairs officer at Rics, said the drop in housebuilding highlighted the urgency to launch “a structured, holistic plan for tackling the housing crisis....
...The Rics figures suggest the weakness in the housing market seen in other data will continue in the months ahead....
...Simon Rubinsohn, Rics chief economist, said the survey pointed “to a sluggish housing market with little sign of any relief in prospect”, adding: “Buyer inquiries remain under pressure against a backdrop...
...Rics said its measure of newly agreed sales — calculated as the difference between the percentage of surveyors seeing rises and falls in the past month — fell to a net balance of -44 per cent in July, down...
...Paraskeva quit after Ann Gray, RICS president, accused her of making “false allegations” about the professional body to a minister and expressed an intention to remove her as SRB chair in a letter sent last...
...With fewer people able to afford to buy a property, rental demand is high....
...nearly decade-long battle to clear his name IEA Oil Market Report Spain: February CPI inflation rate data UK: Rics Residential Market Survey....
...Higher interest rates could damp the positive trend that led the RICS house price index to improve to minus 30 in May from a recent low of minus 46 per cent in February....
...Fans of the most distinctly American sport of all, professional wrestling, will place Ric Flair’s feathered robes and bleach-blonde hair in the same lineage....
...Simon Rubinsohn, chief economist at Rics, said: “The medium-term outlook [for the housing market] is looking a little more settled, helped by the perception that the interest rate cycle may be near the peak...
...With many people unable to buy a property, most surveyors told RICS they had seen greater rental demand, pushing rental prices well above average levels for the past two decades....
...Leadership is a dominant theme of the FT news diary, whether you are Sir Keir Starmer trying to prove you’re a prime minister in waiting, a US House Republican in need of a Speaker or the head of a Wall...
...Surveyors told the RICS survey that they expected house prices to fall in the next three months, with a net balance of minus 55, largely unchanged from the previous month....
...Also, RICS residential market house price survey US: monthly retail sales figures Results: Bunzl trading statement, Capita trading update, Costco Wholesale Q1, Currys HY, Nordson Q4, Serco FY Friday...
...Walt Disney Company Q4, JD Wetherspoon Q1, Virgin Galactic Holdings Q3 Thursday China: November CPI and producer price index (PPI) inflation rate data EU: European Central Bank Economic Bulletin UK: Rics...
...Last week, the central bank increased interest rates by half a percentage point to a 15-year high of 4 per cent, but suggested they may have peaked....
...industrial production figures UK: revised July GDP figure US: August consumer price index Results: Inditex H1, Redrow FY, Tullow Oil H1 Thursday EU: European Central Bank interest rate announcement UK: RICS...
...Van Aken and Mark Militello, set out to define the city’s culinary style through its cultural influences....
...Ric Traynor, executive chair of Begbies Traynor, said smaller businesses had so far dominated rising levels of insolvencies and driven the number of liquidations above pre-pandemic levels....
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