A survey by the Royal Institution of Chartered Surveyors (RICS) has suggested that the upcoming EU referendum in June may slow down the UK housing market over the next few months.
The survey’s results showed that 62% of surveyors based in London expect house prices to fall over the next three months. In addition, the RICS believes that the Stamp Duty for landlords, which was introduced on April 1st, would also be a factor in any price drops.
RICS chief economist Simon Robinsohn commented: “Elections inevitably bring with them periods of uncertainty in the market, and our figures would suggest that next May’s devolved elections are no exception.
Likewise, the EU referendum is likely to be an influencer in terms of the damper outlook for London in particular.”
The RICS expects house prices to increase by almost 25% in England and Wales over the next five years, regardless of the results of the EU referendum.
Wood wool acoustic panelling with a black finish from Troldtekt has been specified throughout 6 Embassy Gardens at Nine Elms in London
Posted in Acoustics, Noise & Vibration Control, Articles, Ceilings, PostsTwo lifts, designed and manufactured in the UK by Stannah now take pride of place as part of London’s Elizabeth Tower restoration project
Posted in Articles, Lifts, Posts, Restoration & Refurbishment, Retrofit & RenovationAluminium windows, doors and curtain wall solutions manufacturer, Senior Architectural Systems has appointed Mark Rossouw to the newly created role of major projects manager
Posted in Articles, Building Industry News, Doors, Posts, Recruitment, WindowsKingfisher Louvres has made four of its most popular screening and single bank weather louvres available to specify via the NBS Source platform
Posted in Air Conditioning, Articles, Facades, Heating, Ventilation and Air Conditioning - HVAC, Posts, Ventilation