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Average UK house price hit new record high of £252,000 in December
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Average UK house price hit new record high of £252,000 in December
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Annual house price growth has slowed for the first time in six months as the end of the stamp duty holiday approaches, according to an index.
House prices were up by 6.4% annually in January, marking a slower increase than the 7.3% uplift recorded in December, Nationwide Building Society said.
Property values dipped by 0.3% month on month.
Across the UK, the average house price was £229,748.
A temporary stamp duty holiday which was introduced last July is due to end on March 31.
In our January #HousePriceIndex, annual house price growth slows for 1st time in 6 months as end of #stampdutyholiday approaches.
â¢Annual growth in Jan: 6.4% (7.3% in December)
Synopsis
Some of the review questions include whether new, more prescriptive rules are needed and whether the existing Red Book remains the right global framework to deliver quality valuation services.
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New Delhi: The Royal Institution of Chartered Surveyors (RICs), global body to enforce international standards in the valuation, management, and development of land, real estate, construction, and infrastructure, has sought views from professionals, consumers, and stakeholders on whether updated guidance is needed on how commercial property is valued.
Independent review, established by the RICS Standards & Regulation Board to maintain confidence in the valuation practices of RICS professionals are seeking evidence around four principal areas that form the foundation of commercial property valuation - the methodology behind valuation, identifying risk, maintaining independence and how value is measured.
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