UK house prices have fell back by 0.4% in May as the population awaits the outcome of the EU referendum.
The month-on-month decline across England and Wales has seen the steepest fall since November 2011, taking the average price of a home to £293,599.
Property values however remain 6.8% higher than they were in May 2015.
The latest figures come after The Royal Institution of Chartered Surveyors (RICS) predicted a short-term drop in UK house prices over the next three months for the first time since 2009.
Uncertainty resulting from the upcoming EU referendum, as well as the stamp duty changes in April, were cited as the biggest factors in the price drop.
A survey of 326 surveyors reported that the sharpest decline in house prices would fall across East Anglia, South East England, South West England and Yorkshire and Humber.
The survey also suggested that the number of properties being sold on the market is at a record low.
Patrick Atkinson, CEO of Grafton Merchanting ROI, Ireland’s largest builders’ merchant group, has discussed the future of the industry with the Keystone Group.Posted in Articles, Bathrooms, Bedrooms & Washrooms, Building Industry News, Building Products & Structures, Building Systems, Information Technology, Interiors, Kitchens, news, Posts, Research & Materials Testing, Steel and Structural Frames
Consisting of a series of octagons, the 4,250 square metre flat roof of Unit 800 at Aztec West is one of the most secure in Bristol after being re-roofed with a BMI Icopal’s Torch-on system.Posted in Articles, Building Industry News, Building Products & Structures, Case Studies, Posts, Restoration & Refurbishment, Retrofit & Renovation, Roofs
Project Specification Group, a unit of ASSA ABLOY Opening Solutions UK & Ireland, has redefined its capabilities in light of its recent rebrand.Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, BIM, Infrastructure & CAD Software, Building Industry News, Building Products & Structures, Building Services, Doors, Information Technology, Posts, Security and Fire Protection
To be fully effective, climate control ceiling elements must be properly installed and this is where the diagnostic ability of FLIR thermal imaging is essentialPosted in Articles, Building Industry News, Building Products & Structures, Ceilings, Information Technology, Posts, Research & Materials Testing, Sustainability & Energy Efficiency, Thermal Imaging and Monitors