As sales and new buyer interest appeared to hold steady
after seeing declines in previous months, the national RICS Price balance
slipped to -8% in April, having been flat in both February and March. Although this figure signals only a slight
decline at this stage, it is still the most negative figure since November
2012. The regional price picture is still mixed, and the national reading is
being heavily weighed down by the feedback from London, where 65% more
respondents saw prices fall over the month rather than rise (which is the
weakest reading since February 2009). Falling prices were also still being
reported in the South East, and also in the South West for the first time since
May 2013. By way of contrast, house prices continue to rise in Northern Ireland
and Scotland. Read more on the RICS website.
Thursday briefing: How Michael Gove’s ‘new deal’ for renters went sour
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In today’s newsletter: The renters’ reform bill was meant to address a
spiralling housing crisis, but as a watered-down version finally passes, we
look a...
2 hours ago
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