Skip navigation

Gloucestershire Business News

Positive forecast over housing sector

Optimism about the future of the housing market is shared by a number of leading house builders and backed by a new survey.

Research by the Royal Institution of Chartered Surveyors (Rics) shows a pick-up in confidence, following a significant drop in activity and price expectations in the wake of the EU vote.

That optimism is underlined by positive signals from Barratt Developments, Redrow and Berkeley Group, according to a report in the Guardian today.

The Rics report found that at a national level, both prices and sales are expected to rise over both the 3 and 12-month month horizons as activity in the market stabilises.

Rics chief economist Simon Rubinsohn told Sky News: "There are clear signs that the housing market is settling down after the initial surprise of the outcome to the EU referendum.

"Buyer enquiries did dip again in August but only modestly, and more significantly, sales expectations are beginning to edge upwards once again."

What do you think? Email mark@moosemarketingandpr.co.uk 

Related Articles

Council name change moves a step closer Image

Council name change moves a step closer

Plans to change a Gloucestershire council’s name moved a step closer yesterday (May 15).

Bromford announces strong results for 2023-24 Image

Bromford announces strong results for 2023-24

Tewkesbury-based housing association Bromford has announced another year of strong results.

Menswear retailer to open on Promenade Image

Menswear retailer to open on Promenade

Menswear retailer, Charles Tyrwhitt, is hoping to open a store in Cheltenham this summer.

Hanging on the line: HMRC's £25bn phone bill Image

Hanging on the line: HMRC's £25bn phone bill

FSB slams spending watchdogs' shock report.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.