The range of measures announced under the UK government's Help to Buy scheme to kick-start the housing market were much needed. However, RICS has cautioned that Phase 2, which in January 2014 will extend the scheme to include lending on second-hand homes, could increase risk of a ‘bubble’ – particularly in London and parts of the South East.
The price of farmland across the UK has more than trebled in less than a decade, according to new figures.
Farmland in England and Wales reached an average price per acre of £6,783 during the second half of 2012, according to figures cited in the latest RICS Rural Land Market Survey.
RICS has published an investigation into the complexity of rural housing markets and the impact of rural amenities on rural house prices.
Farmers drive up land prices on back of strong commodity prices and easier access to finance, says the RICS Survey for the second half of 2011.
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