Twitter Facebook RSS FEEDS

Surveyors predict house price rises

Tuesday, 18 October 2005 12:00 AM

Surveyors are predicting house prices will rise for the first time in 18 months, providing further evidence of stability returning to the housing market.

Increasing demand for property and the possibility of further interest rate cuts has led to a turnaround in confidence that has prompted surveyors to predict a marginal rise in house prices by the end of the year.

In its monthly survey the Royal Institution of Chartered Surveyors (Rics), reveals that the number of chartered surveyors reporting falls in house prices dropped to 21 per cent in September from 25 per cent in August, and 36 per cent in July.

New buyer enquiries were also up for the fourth consecutive month in September, helped by August's interest rate cut.

Despite this, the high level of unsold property means that it is still a buyers' market where they have room to negotiate on prices.

"While sellers asking for unrealistic prices are still struggling to find potential buyers, they are beginning to feel more confident as fears of a sharp fall in house prices have largely dissipated," said Rics housing spokesman Ian Perry.

He added: "The upturn in demand and improved outlook on interest rates has led surveyors to predict house price rises for the first time since early 2004, though these are expected to be small. Rics expects the recovery in activity to be sustained due to continued expansion in employment, which bodes well for a stable housing market."

The survey also shows that London's house prices have stabilised following a period of decline that started in mid 2004.

Price falls slowed in East Anglia and the north, increased slightly in the south-east and Wales, and returned to the north-west after a period of stability.

Scotland's house prices are continuing to rise, the survey reports.

For details of this week's homes and property TV click here

Related stories

Wealthier buyers, cash-rich investors and retirees are pushing up Welsh house prices. Image:Wales

Wales most consistent for house price rises

Wales is only region apart from London to see rise over last year but it's wealthier buyers driving up prices.

Woking saw the biggest increase in house prices in 2011.

Halifax names top 10 towns for house price rises

Southern England and commuter towns dominate list of best performers in 2011.
Scottish cities such as Edinburgh dominate the house price rises top 10

Scotland sees big house price rises

Property prices in Scottish cities and rural areas have doubled over the last decade, says the Bank of Scotland.

 Three local authority districts saw double digit price falls over the year. Photo:Getty Images

Central London boroughs see biggest price rises

Land Registry figures show Westminster leading the way on house prices with Hartlepool suffering the biggest fall.
House prices in market towns have risen by £1,000 a month on average over the last decade, say Lloyds TSB. Image: Thinkstock

Market towns enjoy £1,000 a month house price rise

Over the last decade house prices in market towns have risen by £1,000 a month on average say Lloyds TSB.

 House prices rose three per cent in the first three months of 2010.

Average UK house price rises by 3% during Q1

Following a rise of three per cent in the first quarter of 2010, UK house prices have begun to stabilise.
Price of terraced homes rose £118 a day over the last decade, says Halifax survey. Image: Thinkstock

Terraces see highest house price rise

Price of terraced homes rose £118 a day over the last decade, says Halifax survey.

 The number of buyers coming to the market is increasing (photo: pixmedia)

Surveyors record fifth month of house price rises

Surveyors record fifth month of house price rises
Property for sale signs

Springtime house price 'bounce' fails to arrive

RICS says the lack of mortgage finance and the state of the national economy are to blame for the market's continued flatness.

 Rental properties

Tenants predict rocketing rents

Experts say the rental sector is "creaking under the strain" of soaring demand - but can rents really get much higher?

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Beds Direct

Beds Direct Logo
Whether you've just moved into a property and need to furnish it or just fancy having something new to sleep on, Beds Direct offer you a wide array of beds to order online or via the telephone.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Propertywide

Propertywide Logo
Propertywide.co.uk is Countrywide plc's dedicated property website. Created to provide online access to all our estate agency, lettings and property related services, Propertywide.co.uk has been designed with the consumer at heart.

The 21st Century Radiator Company

The 21st Century Radiator Company Logo
Welcome to 21st Century Radiator Company. We supply a stunning range of traditional reproduction high quality cast-iron radiators and cast-iron baths. All our cast-iron radiators and cast-iron baths are brand new, fully tested and guaranteed for ten years.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

Designer taps can complete the look of your bathroom

When redesigning your bathroom, the first thing you're likely to pay attention to is what suite to choose. However, before you finish redecorating, think about the smaller features; after all, something like which taps you choose can complete your bathroom design.

Great tips for keeping brass door handles in top condition

Having brass door handles in your home can quickly give your place a sense of glamour and finesse. However, it is vital you put in the effort to ensure your brass fittings stay looking good. By following the tips below, you can be confident your handles will always be in peak condition.

What type of storage is best for small kitchens?

If you have a small kitchen you may well look enviously at the space and amount of storage in the country-style rooms that are beloved by property programmes on television. There may not be much you can do about the size of your room, but there are steps you can take to ensure the space is utilised as efficiently as possible.