FORECAST: IMPROVEMENTS IN EUROPE'S HOUSING MARKETS
- 09 Aug
The UK's housing market is hampered by Brexit, according to a fresh Standard and Poor's (S&P) forecast.
S&P predicts that residential property prices will rise in almost all European markets this year, despite economic uncertainties created by the UK's decision to leave the EU and the UK's home prices are expected to fall over the next 18 months, reports Property Investor Today.
- The German housing market is to show the strongest growth in 2016, with prices envisaged to rise by 7% due to high demand and tight supply
- Ireland is likely to be in second place with prices rising 6% in 2016 and gaining 2.5% in 2017 and 3% in 2018
Chief economist for Europe, Middle East and Africa at S&P Global Ratings, Jean-Michel Six, said:
"While uncertainties caused by the UK's June 23 referendum decision to leave the EU could dent eurozone growth and, by extension, the housing market recovery over the next few years, we don't expect that it will derail it."
"We forecast eurozone real GDP will expand 1.7% this year, and we expect the European Central Bank's (ECB's) accommodative monetary stance, leading to historically low sovereign bond yields and mortgage interest rates, will spur improvements in Europe's housing markets."
What do you think? Please tweet comments @suppsolutions.
- 17 Aug
HOMELESSNESS POLICY IS UNDER REVIEW IN A NORTHAMPTONSHIRE COUNCIL
Kettering Borough Council has amended its letters to homeless residents to let them know of their right to request a temporary accommodation review.According to an ombudsman, Michael King:"People in...
- 15 Aug
FINANCIAL CONSTRAINTS HAVE CAUSED THE CLOSURE OF MANY CHILDREN AND YOUTH CENTRES
Local Government Association (LGA) made the following findings:Chair of the LGA's children and young people board, Richard Watts, said: "The reality is that services for the care and protection of...
- 11 Aug
RESIDENTS OF BUILDINGS IN LEDBURY ESTATE, SOUTHWARK, SOUTH LONDON WILL BE MOVED OUT TEMPORARILY
The buildings in Ledbury Estate in Southwark have been constructed in a similar way to Ronan Point, a tower block in Newham which collapsed in 1968 as a result of a gas explosion, killing three. An...
- 10 Aug
THERE IS A DECLINE IN THE HOUSING MARKET IN LONDON AND OTHER PARTS OF THE SOUTH EAST OF ENGLAND
The Royal Institution of Chartered Surveyors (Rics) made the following findings:Chief Economist at Rics, Simon Rubinsohn:"Sales activity in the housing market has been slipping in the recent month...
- 07 Aug
REPORT FINDS THAT PEOPLE ARE INTENSELY SUFFERING FROM LACK OF AFFORDABLE HOMES IN SCOTLAND
According to the report by "Shelter":Shelter's deputy director, Alison Watson, said:"This report shows the disproportionate impact of Scotland's housing crisis on young people and private renters who...
- 02 Aug
NEW REPORT BY THE PUBLIC ACCOUNT COMMITTEE IN WALES COMMENDS HOUSING ASSOCIATIONS
The report which was put together after nine months of inquiries stated the following:Nick Ramsey, Chair of the Public Accounts Committee, said:"Generally, we found governance and regulation within...
- 31 Jul
LONDON COUNCIL URGES THE GOVERNMENT TO MAKE MEASURES TO END LETTING FEES FOR PRIVATE RENTERS
The London council say urgent action is needed because the government has not provided "a clear timescale to introduce its own measure", Letting Agent Today, reports.Last year, the government had...
- 17 Jul
A NEW SCHEME HAS BEEN PROPOSED TO DEVELOP ARTHUR STREET ESTATE IN LONDON
Wates Residential will help to deliver Orbit's proposed £73m regeneration of an estate in London, after their success with making Larner Road an award winning, 40,000-home, Erith Park, Bexley.Within...
- 13 Jul
LATEST HOUSING SURVEY REVEALS THE CURRENT STATE OF THE HOUSING MARKET
RICS UK Residential Market Survey made the following findings:RICS Chief Economist, Simon Rubinsohn, said:"The latest results demonstrate the danger, however tempting, of talking about a single...
- 10 Jul
NEW DATA PREDICTS THAT THE HOUSING MARKET MAY COLLAPSE DUE TO FALL IN PROPERTY PRICES
According to the UK Residential Market Survey:Professor of Economic Geography at the London School of Economics, said:"We are due a significant correction in house prices."I think we are beginning...
What are the Future Funding Arrangements for Supported and Sheltered Housing? "Information on Exempt Accommodation & DWP Review was very informative, but also commend your approach in delivering workshops/conferences in a proactive way, and use of email and your website as a public resource" P.C. - The Hyde Group