Housebuilders up on a spring in the step at RICS
Spring is often a good time for the property market and it seems that this year is no exception.
The Royal Institution of Chartered Surveyors (RICS) says itw March residential survey, for the UK market, shows improvements in demand, expectations and prices. Also it says that while near term expectations indicated activity would gain further traction over the coming months, house prices were stabilising. It also says forward metrics indicated an upward trend may appear later in the year. Respondents to the survey had reported an increase of 8% in new buyer enquiries in March marking the third consecutive month where the measure has been above zero.
(AI Video Summary)
The RICS March report
The RICS March report highlights a positive trend in the housing market, with an 8% increase in new buyer inquiries. This optimism has buoyed UK house builders, with shares of Persimmon and Taylor Wimpey notably rising over 3%, reflecting market confidence.
Barrett Development
Other builders like Barrett Development also saw gains, amidst a recovering sector despite recent concerns. This uplift signifies spring's arrival as an opportune time for transactions, positively impacting the FTSE indexes.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
