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Morning Briefing: RICS figures show mixed housing market

Figures from chartered surveyors show increasing regional variations in the housing market, and the rest of the day’s housing news

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Morning Briefing: RICS figures show mixed housing market #ukhousing

In the news

This morning’s figures from the Royal Institution of Chartered Surveyors (RICS) show a booming market in some regions of the country and a slowing or stalling one in others.

London, the South East and the East of England are downbeat while Scotland and Northern Ireland have a more positive outlook in terms of sales activity.

The North West, the Midlands and Yorkshire and the Humber see rising house prices, but this is offset by London and the South East to leave the national picture flat.

 


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A write up of the findings from the Press Association is featured in several national news outlets,

with a particular focus on specific areas in many regional papers.

Simon Rubinsohn, chief economist at RICS, said: “It is clearly very difficult to talk about the housing market at the moment without being acutely aware of the marked differences in trends across the UK.”

Elsewhere, The Guardian reports that it has seen cabinet papers revealing one in six new Universal Credit claimants are not being paid on time.

The paper reports Esther McVey, work and pensions secretary, gave a presentation revealing 84% of claimants are paid on time – meaning 16% are not.

Local paper, Boston Standard, also reports on Universal Credit as it becomes the latest area to see the reform rolled out.

 

Elsewhere the Financial Times covers a report by the Housing, Communities and Local Government Select Committee focusing on land value taxation. The report, covered here by Inside Housing, suggests ways of taxing the increases in land value developers gain when their land is given planning permission. Calls for rises in property values to benefit the state is the Financial Times’ somewhat business friendly headline.

An interesting report in the Brighton and Hove Independent reveals that the council is taking on small Section 106 affordable housing deals which local housing associations don’t want as they are too small.

And in other news, The Big Issue runs a comment piece about last week’s report into social housing and mental health, Birmingham Live carries a report of a large housing scheme planned in the city and Bristol Council announces the launch of its new housing company.

On social media

The chair of the G15 is happy to see land value capture in the news:

And a housing association celebrates its long-standing staff:

What’s on

  • The RESI Convention conference in Newport, Wales continues today with housing minister Kit Malthouse due to address delegates this afternoon
  • In London, the Grenfell Tower Inquiry continues to hear evidence from firefighters
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