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UK house prices start to fall
House prices in the UK fell for the first time in more than a year
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Budget reaction
A real estate lawyer’s reacts to today’s UK Budget, with particular focus on the impact on the UK property industry
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High speed line for sale
The London to Folkestone high speed rail link has been put up for sale by the UK Government
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BA seeks property adviser
British Airways is searching for a sole adviser to manage its entire UK property portfolio
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In peak condition
Six members of the North East business community will swap their suits for cycle shorts to ride the length of the UK for charity
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Coalition cuts £2bn of UK projects
The Conservative/Liberal Democrat coalition UK Government has announced the full list of projects to be cancelled or suspended this year, saving £2bn
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HCA hits its targets
The Homes and Communities Agency (HCA) has exceeded its end of year housing targets, despite the economic downturn and challenging operating conditions
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Sellers return after HIPs
An increase in sellers was seen in the UK housing market in May, following the UK Government’s abolition of HIPs
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Qatar on the rise
Qatar is set to become the world’s largest real estate investor, according to a report by Jones Lang LaSalle
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Three miles for Mark
Three good friends are taking to the London water to support the Motor Neurone Disease Association next month
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Construction sector strain continues
Further ONS Construction Output data for Q4 2009 released this morning continues to highlight the ongoing strain on the hard pressed construction sector
Total output in the industry is now estimated to have declined by 1.1% in the fourth quarter of last year compared with the previous estimate of a drop of 0.9%.
This report shows that the strongest contributions came from those areas most closely aligned to the public sector, something mirrored in our own construction survey; however comments from our members point towards a faltering in the capital spending programmes as we approach the general election.
With the more subdued trend in private sector workloads this casts some doubt on just how sustainable any improvement in the construction sector is likely to prove as attention turns to scaling back the budget deficit in the wake of the general election.
Significantly, the latest RICS Construction Survey suggests that over the next twelve months output is likely to be broadly flat.
Simon Rubinsohn is RICS Chief Economist
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