hertford letting agents

letting agents in hertford

Call Us Now
01992 308181

letting agents hertford 

letting agents hertford latest news
Home            Areas            News            Articles            Clients Say            Landlords            Tenants            Properties            Contact Us

Letting Agents Home  >  News  >  UK housing market remains flat


RICS UK Housing Market Survey - market remains flat

thatched cottageActivity in the housing market remained flat during July, with house prices slipping further, according to the July 2011 RICS UK Housing Market survey.


22 per cent more chartered surveyors reported that prices fell rather than rose in July. While this represents a slight improvement on June’s net balance of -26, this reading has now remained in negative territory for over a year. Large deposits required by lenders appear to be a stumbling block for many would-be buyers.


Elsewhere, demand edged up during July, with new buyer enquiries moving to a net balance of +5 per cent (from 0 per cent). Interest from potential buyers has now been relatively flat since the start of the year.


Across the country, London continues to buck the national trend as the only region to report a positive net balance for house prices, with 30 per cent more surveyors reporting rises rather than falls. The West Midlands and the East of England saw the most negative readings, with net balances of -44 and -40 respectively. Meanwhile, the capital recorded the strongest level of new buyer enquiries, again outperforming the rest of the UK.


Significantly, the average number of sales per surveyor over the past three months dipped to 14.2, the lowest level since June 2009. Alongside this, the average number of properties presently on surveyors’ books increased to 70.2 (from 69.7 in June).


Looking ahead, pessimism still surrounds future house price expectations. 13 per cent more surveyors predict prices to decrease rather than increase over the next three months. However, sales expectations are rather more upbeat, with a net balance of 15 per cent more respondents predicting sales to rise over the coming three months.


"The UK housing market continued to stall during July; prices edged lower and sales levels remained subdued. While the holiday season appears to have had some impact on the market, the continual problem of inaccessible mortgage finance is still preventing first time buyers from accessing the market. Unsurprisingly, with prices continuing to fall, many would-be sellers seem unwilling to lower their expectations and are reluctant to place their property on the market." RICS spokesperson, Ian Perry


View RICS UK Housing Market Survey July 2011




Step 1: 

Landlord or Tenant?

I am a Landlord

I am a Tenant


Step 2: 

Choose your Service

Advertising Only

Tenant Finding

Rent Collection

Full Management

Find Property to Rent


Step 3: 

Check Testimonials

Our Clients Say it Best


Step 4: 

Take Action Now!

Get a FREE Landlord Book

Book a FREE Consultation

Contact Us Now

Get a FREE Tenant Guide

Register Your Details

Contact Us Now



Previous          Up          Next





Privacy Policy                   Site Map


T   01992 308181                      E  info@knightpropertymanagement.co.uk                    W  knightpropertymanagement.co.uk

© Knight PML Ltd. Registered in England & Wales No. 6484470
Registered Office: The Old Boardroom, Collett Road, Ware, Hertfordshire SG12 7LR
Directors: J Hunter, D Porter MRICS
Regulated by RICS


letting agents hertford