LONDON (Reuters) – Brexit uncertainty is likely to press down on house prices and the volume of property sales over the next three months, a closely watched industry survey showed on Thursday. The Royal Institution of Chartered Surveyors said its headline price balance for August rose to -4 from -9 in July, bucking economists’ average expectation in a Reuters poll for a further decline to -11. But RICS members’ outlook for the next three months – during which period Britain is scheduled to leave the European Union – grew darker. Sales volumes expectations for the next three months dropped to -23 from -4, while short-term expectations for prices declined to -24 from -13. “It is hard to get away from the shadow being cast over the housing market by the seemingly never-ending Brexit saga. Indeed uncertainty is a theme that respondents continue to highlight as a negative influence on sentiment in survey after survey,” RICS chief economist Simon … [Read more...] about Brexit casts shadow over UK housing market outlook
Hammond pledges to fix uks housing market
LONDON (Reuters) – Britain’s housing market showed tentative signs of recovery in June as interest among buyers rose for the first time since shortly after the 2016 Brexit referendum and sales also staged a rare increase, a survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) house price measure – the difference between members reporting price rises and falls – improved to -1, the strongest reading since August last year, from a revised -9 in May. The reading was stronger than a median forecast of -12 in a Reuters poll of economists and RICS said it pointed to flat property prices over the next two quarters. Prices in London and the south east of England continued to fall but rose across the rest of the country. Britain’s housing market slowed sharply after voters decided to leave the European Union more than three years ago, but several indicators have suggested a stabilisation in recent months. “The latest data provides … [Read more...] about UK housing market shows some signs of recovery
By Natalie Obiko Pearson Bloomberg Wed., March 27, 2019 It’s long been known as “snow washing” — dirty money circulated through Canada’s seemingly upright economy to emerge as pristine as the white cape blanketing the Rockies. Prime Minister Justin Trudeau’s government is now acknowledging the problem and pledging to try and fix it. “This issue was identified as a real priority — it has become a priority for my government,” Bill Blair, Canada’s federal minister for organized crime reduction, said Wednesday in Victoria, the capital of British Columbia. “We recognize and acknowledge the impact that this criminal activity — money laundering — has had on British Columbia, on the affordability of housing, and on the integrity of our financial institutions.” The Pacific Coast province has been at the centre of a raging controversy after Vancouver-area casinos were found to have allowed … [Read more...] about Canada has a money laundering problem it’s pledging to fix
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper The Upshot | Can Technology Help Fix the Housing Market? Upshot Supported by A lot of start-ups have promising ideas, but the fundamental problem of affordability seems beyond their reach. ByEmily Badger Jan. 29, 2019 Billions have been flowing into a corner of the tech industry focused on the housing market. And now there are start-ups to help landlords manage properties, or homeowners manage sales, or tenants manage their packages. But hardly any of it touches the central problem of housing: For many people, it costs too much. “None of that investment, nor the solutions that those companies are offering, will fundamentally change the dynamic of the housing market in a way that increases housing affordability,” said Matt Hoffman, the vice president for innovation at the national housing nonprofit … [Read more...] about Can Technology Help Fix the Housing Market?
Persimmon lifts profit expectations on robust UK housing market BelfastTelegraph.co.uk Housebuilder Persimmon has hiked full-year profit expectations thanks to increased production of homes and a robust housing market in the UK. https://www.belfasttelegraph.co.uk/business/uk-world/persimmon-lifts-profit-expectations-on-robust-uk-housing-market-37712634.html https://www.belfasttelegraph.co.uk/business/uk-world/article37712633.ece/ef95d/AUTOCROP/h342/bpanews_c16669cb-6ac2-4bca-a672-d81e73f6314a_1 Email Housebuilder Persimmon has hiked full-year profit expectations thanks to increased production of homes and a robust housing market in the UK. The Charles Church owner said it is also mindful of “market cycle risks and wider economic uncertainties”, including those related to Britain’s departure from the European Union, and it has therefore taken a selective approach when acquiring new land plots. The group said “while the future performance of the … [Read more...] about Persimmon lifts profit expectations on robust UK housing market