{"id":1308,"date":"2016-05-12T10:15:16","date_gmt":"2016-05-12T10:15:16","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1308"},"modified":"2016-05-12T10:15:16","modified_gmt":"2016-05-12T10:15:16","slug":"rics-figures-reveal-decline-in-house-price-growth-and-new-buyer-enquiries","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/rics-figures-reveal-decline-in-house-price-growth-and-new-buyer-enquiries\/","title":{"rendered":"RICS figures reveal decline in house price growth and new buyer enquiries"},"content":{"rendered":"<p>New figures released by the Royal Institute of Chartered Surveyors (RICS) have revealed a decline in the growth of house prices and the number of new buyer enquires since the implementation of George Osborne\u2019s Stamp Duty Land Tax (SDLT) surcharge.<!--more--><\/p>\n<p>The RICS announced that the number of new buyer inquiries fell to its lowest since September 2008 last month.<\/p>\n<p>April 2016 also saw house price balance drop by 1 per cent in comparison with March 2016, and the new instructions balance dropped from -2 in March to -8 last month, the RICS said.<\/p>\n<p>Some critics have blamed Brexit uncertainties for the decline, but the likelihood is that the introduction of SDLT on second home purchases has also been a contributing factor.<\/p>\n<p>Samuel Tombs, chief UK economist at business research firm Pantheon Macroeconomics, said: \u201cWe think that the recovery in housing market activity and prices has only hit a speed bump, and will regain momentum in the second half of this year.&#8221;<\/p>\n<p>Mr Tombs added that lower supply and banks\u2019 increasing willingness to grant mortgages should see demand recover quickly in coming months.<\/p>\n<p>Lenders such as Barclays and Virgin Money have set their sights on first time buyers in recent weeks, with the former re-introducing the no-deposit mortgage and the latter heavily revising their Help to Buy deals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New figures released by the Royal Institute of Chartered Surveyors (RICS) have revealed a decline in the growth of house prices and the number of new buyer enquires since the implementation of George Osborne\u2019s Stamp Duty Land Tax (SDLT) surcharge.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1308"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1308"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1308\/revisions"}],"predecessor-version":[{"id":1309,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1308\/revisions\/1309"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}