RICS housing market survey turns positive with buyer interest up

Royal Institution of Chartered Surveyors | July 11, 2019

RICS housing market survey turns positive with buyer interest up
New buyer interest has increased in the UK for the first time since November 2016 as the housing market becomes more stable, according to the latest residential housing market survey report. Overall there has been a rise in buyer demand, new instructions have held steady and newly agreed sales also edged into positive territory for the first time in 28 months, according to the survey report from the Royal Institution of Chartered Surveyors (RICS).

Spotlight

Construction projects over the past few decades have become increasingly complex. As a result disputes2 have grown in direct relation to the size and complexity of projects. One recent study reported that the value of the average dispute in the United States is approximately $34.3 million.3 A slightly older survey of claims and disputes determined that in the 2009 – 2011 timeframe there were 65 international contract arbitrations in which at least US$1 billion was in controversy.4 The amounts in controversy ranged from US$1 billion to US$20 billion.5 The total value of these 65 disputes was US$174.8 billion with the median value being US$2.73 billion

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Spotlight

Construction projects over the past few decades have become increasingly complex. As a result disputes2 have grown in direct relation to the size and complexity of projects. One recent study reported that the value of the average dispute in the United States is approximately $34.3 million.3 A slightly older survey of claims and disputes determined that in the 2009 – 2011 timeframe there were 65 international contract arbitrations in which at least US$1 billion was in controversy.4 The amounts in controversy ranged from US$1 billion to US$20 billion.5 The total value of these 65 disputes was US$174.8 billion with the median value being US$2.73 billion