Britain’s housing market had its weakest month since just after June’s Brexit vote in December as house price growth slowed and the number of homes sold fell slightly, a survey of property valuers showed yesterday.

British house prices are likely to rise on average by 3% next year as a shortage of new homes coming to the market continues to push up prices, the Royal Institution of Chartered Surveyors (RICS) has said.

The UK’s decision to quit the European Union has already begun tipping its economy into a mild recession, according to economists in a Reuters poll, most of whom said the Bank of England would chop interest rates again in November.

A measure of London home-price changes fell to its weakest since the financial crisis as the UK’s vote to leave the EU sent shock waves across the nation.

Munster surveyors in the SCSI meet tomorrow night for their annual dinner, at a time of recovery in the construction profession. Here, former SCS Munster chair Rob Andrews surveys his own half-century in quantity surveying.

British house prices rose strongly in August, pushed up by a lack of property coming onto the market, according to two surveys published yesterday, adding urgency to a push by the UK government to encourage more house-building.

Sterling advanced yesterday approaching its strongest level in three weeks against the euro, after Bank of England policymakers said China’s slowdown hasn’t shaken their conviction that the time for the first UK interest-rate increase since 2007 is coming nearer.

British house prices rose at their fastest rate in a year, last month, and a shortage of homes is likely to push prices higher over the next year, a body representing property valuers said yesterday.

The potential benefits of investing in the North will be pitched to an audience of property professionals in London today.

British chancellor of the Exchequer George Osborne’s tax cut for homebuyers isn’t reviving concern about another property bubble.

Some of the damage from the recent floods in the UK could have been prevented if the correct water management techniques had been used, a group of experts has said.

Latest data has pointed to continued good news for the housing market in the North, with prices and transaction volumes rising over the summer months.

Banks and building societies have reported their best month for mortgage lending since 2008, in a further sign that the housing market is recovering.

Demand from would-be housebuyers in Britain has risen at its fastest rate in almost three years, boosting hopes of a pick-up in sales in the run-up to Christmas and into the New Year, the Royal Institution of Chartered Surveyors said yesterday.

House sales have plummeted by almost 40% since the peak of the boom five years ago, the Royal Institution of Chartered Surveyors (RICS) said today.

Property prices are continuing to plunge with the latest official figures showing they recorded their biggest annual fall in two years in January.

British house prices continued to drop in January, according to a key industry survey, as demand was dampened by fears that an interest rate hike was looking more imminent.

British property prices fell again last month as interest from buyers plunged for the sixth month in a row, research indicated today.

House prices fell for the third month in a row during September as properties flooded on to the market, research indicated today.

WHAT would a major sporting event be without the preliminary hullabaloo about the venue? It won’t be ready; its cost has over-run; there are terrorists in the bushes; it’s too expensive.

UK property asking prices fell for the second month in a row as the market was hit by over-supply and subdued activity in the summer holidays, according to research today.

House prices in parts of the North fell 60% from their peak, a market survey said today.

House prices in the UK fell for the first time in 10 months during February as the market was hit by winter weather and the end of the stamp duty holiday, figures showed today.

House prices in the UK continued to rise during November despite an increase in the number of homes put up for sale, research showed today.

House prices in England and Wales rose for the fifth month in a row during October, figures showed today.

The number of new properties being built in the UK jumped by 63% during the second quarter as the housebuilding industry continued to show signs of revival, figures showed today.

The FTSE 100 Index was dragged back from a new 10-month high today as a steep fall on Wall Street put an end to London’s winning streak.

The UK housing market showed further signs of improvement during July as a shortage of homes for sale continued to support prices, figures revealed today.

A TWO-TIER pricing structure has emerged in the mortgage market in Ireland with Irish lenders offering more attractive rates to customers than British banks.

Lloyds Banking Group gained today in the FTSE 100 Index amid reports that it plans to close its Cheltenham & Gloucester branches.

House sales in the North increased in the past three months and were expected to do so again in the next three, according to a survey published today.

Surveyors are calling for a cut in the VAT rate on repairs and house maintenance in the North in a bid to stimulate the economy there.

Buy-out firms are circling Britain’s biggest housebuilder Taylor Wimpey, it was reported today.

House prices dived by 2.7% during August as the number of first-time buyers getting on to the property ladder slumped to a record low, figures showed today.

People wanting to sell their homes in the North are having to cut asking prices by up to 30% to find a buyer, it was revealed today.

Stormont ministers were urged today get their act together and help the construction industry as a record decline in building activity in the North was revealed.

The number of UK properties changing hands fell by 13% during May as the credit crunch continued to take its toll on the market, British government figures showed today.

Pressure on housebuilding shares intensified today after sector-wide downgrades from investment bank Goldman Sachs.