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Check out the latest UK Residential Market Report from the RICS with comments from Ray Smith, FRICS, Senior Officer at Watsons - Recovery in buyer demand falters slightly amid interest rate uncertainty

At Watsons, we place immense value on professional accreditations and qualifications within the building and construction sector. We have great testimonials from surveyors who joined us as trainees and who are still working with us as qualified MRICS and FRICS surveyors.

Check out the latest UK Residential Market Report from the RICS with comments from Ray Smith, FRICS, Senior Officer at Watsons - Recovery in buyer demand falters slightly amid interest rate uncertainty

Led by the top-of-the-ladder sector, the average asking price of property coming to market this month reaches a new record of £375,131. Momentum continues in the spring selling season with more buyers, sellers and agreed sales than last year. However, the market remains price-sensitive, while higher than anticipated mortgage rates and long completion timelines pose additional challenges.

The average rent for new lets in the UK is £1,226 after a +6.6% rise in the last year. Rents for new lets will rise more slowly this year, but only a major supply boost will help with rental affordability.

Increase The Value of Your Property As your lease runs down it dramatically decreases the value of your flat or apartment. The longer this goes on, the more expensive it will become to renew. On top of this, each lender has different criteria with regards to lease length and this will restrict the number of lenders in the market potentially cutting out the best deals, meaning it becomes increasingly...

The Surveyors Club was formed as far back as 1792. However, the foundations of the current organisation started to properly take shape when 20 surveyors met at the Westminster Palace Hotel. Under the chairmanship of John Clutton, they appointed a sub-committee to draw up resolutions, bye-laws and regulations.

Watsons @ 100 Years: 1890-1990 Following our surveyor finding an old key-tag celebrating ‘Watsons (1890 – 1990) 100 years of Home Selling’ while carrying out a survey on a property on Napier Street in Norwich, this inspired us to look back into the archive and remind ourselves how the firm celebrated its centenary.Our archives show the firm held an auction of water colour paintings at Norwich...

House prices have fallen 0.1% over the last year while market activity continues to improve with a higher supply and more sales agreed. Here’s the latest on the UK housing market from the Zoopla House Price Index for May 2024. The average house price in the UK is £264,300 as of April 2024 (published in May 2024). Property prices have remained the same month on month and have fallen by 0.1% (£210) compared to a year ago.

Whether you've received a red condition rating in your Home Survey or discovered underlying issues in your Building Survey, understanding the next steps is crucial. We are here with your guide to addressing poor property survey results.