Simon Rubinsohn Chief Economist RICS ECONOMICS Tel: 020 7334 3374 [email protected]

Residential Market Survey September 2014 Demand slips but no sign of a pickup in new instructions

• More balanced picture emerging nationally • London market coming off the boil • Rental market remains firm, underpinned by tight supply and steady demand growth

The September RICS Residential Market Survey indicates fading, albeit still robust, price momentum at the headline level. This comes on the back of a more balanced demand picture, in part related to less buoyant expectations of future price rises. Crucially however, the supply trend remains more or less flat with no indication of a pick up in new vendor instructions.

The headline price net balance fell from 39 previously to 30 this month, the lowest reading since June 2013. The London price balance turned slightly negative in September for the first time since the beginning of January 2011, ending the longest continuous period of price growth that this survey has recorded for the capital. Although stripping London out from the headline balance produces a more positive reading, the trend in the headline ex-London series over the last few months has still been on a downward trajectory, indicating that fading price momentum is more than just a London story.

Expectations for price growth over the coming three months remain positive with only surveyors in the London market expecting to see values decrease. However, at the twelve month horizon, prices are expected to rise across all regions with respondents on average forecasting a 2.1% increase. Price rises are expected to be more gradual in London over this period, with surveyors expecting 1% growth on average in the year to come. Looking further ahead, at the national level respondents still expect prices to rise by an average of 4.7% per year over the next five years.

The growing sense of caution seems to have taken a particular toll on the London market where buyer demand contracted more significantly than elsewhere in September, falling for the fifth consecutive month. Supply conditions at the headline level remain tight with new instructions to sell almost unchanged in September, continuing the trend that we have seen for most of the past year.

The softening in buyer sentiment and tight supply conditions have combined to keep transaction levels relatively subdued. The agreed sales balance came in broadly stable this month following the decline seen in August. However, sales expectations remain in positive territory at the headline level at both the three and twelve month horizons. The only exception to this is London where the sharper contraction in demand that has been witnessed recently has pulled near term sales expectations into negative territory.

The Scottish independence referendum likely had an impact on the local market during the month, with activity indicators turning negative following a period of strong growth. However, respondents expect any disruption caused to be temporary, with sales and price expectations firm.

The softening tone to buyer activity in the sales market stands in contrast to the lettings market where demand on a non seasonally adjusted basis has continued to grow solidly across the majority of the UK. However, it is noteworthy that new instructions to let have generally not kept pace with the rise in new tenants. Indeed, fresh instructions registered with agents decreased slightly at the headline level for the sixth consecutive month in September. The tightening in market conditions has led to an increase in expectations for rental growth, with respondents now anticipating growth of 2.3% over the coming year.

Net balance data include: house prices (last 3 months), new buyer enquiries (last month), new vendor instructions (last month), agreed sales (last month), price expectations (3 and 12 months ahead), sales expectations (3 and 12 months ahead), tenant demand (last 3 months), new landlord instructions (last 3 months) and rent expectations (3 months ahead). Levels data include: average stock per surveyor and average sales per surveyor (last 3 months). % data include: price and rent expectations at the 1 and 5 year (expected annual average) horizons and average perceived LTVs for first-time buyers, buy-to-let landlords and existing owners. Headline results cover England and Wales only. Excludes Scotland and Northern Ireland. See next page for notes to editors and final page for other information. To receive the PDF free of charge on the morning of the embargo date, email: [email protected] rics.org/economics Notes to editors

About:

• The RICS Residential Market Survey is a monthly sentiment survey of Chartered Surveyors who operate in the residential sales and lettings markets.

Regions:

• The ‘headline’ national readings cover England and Wales. • Specifically the 10 regions that make up the national readings are: 1) North 2) Yorkshire and Humberside 3) North West 4) East Midlands 5) West Midlands 6) East Anglia 7) South East 8) South West 9) Wales 10) London. • The national data is regionally weighted. • Data for Scotland and Northern Ireland is also collected, but does not feed into the ‘headline’ readings.

Questions asked:

1.Total sales over last 3 months i.e. post contract exchange (level)? 2.Total number of unsold houses on books (level)? 3.Total number of sales branches questions 1 & 2 relate to (level)? 4.How have average prices changed over the last 3 months? (down/ same/ up) 5.How have new buyer enquiries changed over the last month? (down/ same/ up) 6.How have new vendor instructions changed over the last month? (down/ same/ up) 7.How have agreed sales changed over the last month? (down/ same/ up) 8.How do you expect prices to change over the next 3 months? (down/ same/ up) 9.How do you expect prices to change over the next 12 months? (down/ same/ up) 10.How do you expect sales to change over the next 3 months? (down/ same/ up) 11.How do you expect sales to change over the next 12 months? (down/ same/ up)

12.How has tenant demand changed over the last 3 months? (down/ same/ up) 13.How have landlords instructions changed over the last 3 months? (down/ same/ up) 14.How do you expect rents to change over the next 3 months? (down/ same/ up)

15.How do you expect average house prices, in your area, to change over the next 12 months? (% band, range options) 16.What do you expect the average annual growth rate in house prices will be over the next 5 years in your area? (% band, range options) 17.How do you expect average rents, in your area, to change over the next 12 months? (% band, range options) 18.What do you expect the average annual growth rate in rents will be over the next 5 years in your area? (% band, range options)

19.What do you perceive to be average LTVs currently being offered in the market for first-time buyers? (% band, range options) 20.What do you perceive to be average LTVs currently being offered in the market for existing owners? (% band, range options) 21.What do you perceive to be average LTVs currently being offered in the market for buy-to-let landlords? (% band, range options)

• Questions 15-18 are broken down by bedroom number viz. 1-bed, 2-bed, 3-bed, 4-bed or more. Headline readings weighted according to CLG English Housing Survey.

Net balance data:

• Net balance = Proportion of respondents reporting a rise in prices minus those reporting a fall (if 30% reported a rise and 5% reported a fall, the net balance will be 25%). • The net balance measures breadth (how widespread e.g. price falls or rises are on balance), rather than depth (the magnitude of e.g. price falls or rises). • Net balance data is opinion based; it does not quantify actual changes in an underlying variable. • Net balance data can range from -100 to +100. • A positive net balance implies that more respondents are seeing increases than decreases (in the underlying variable), a negative net balance implies that more respondents are seeing decreases than increases and a zero net balance implies an equal number of respondents are seeing increases and decreases. • Therefore, a -100 reading implies that no respondents are seeing increases (or no change), and a +100 reading implies that no respondents are seeing decreases (or no change). • In the case of the RICS price balance, a reading of +10 should not be interpreted as RICS saying that house prices are going up by 10%, but that 10% more surveyors reported increases rather than decreases in prices (over the last three months). • A change from +30 to +60 does not mean that the variable grew by 30% in one period and by 60% in the next period, but it does indicate that twice as many surveyors reported an increase compared to a decrease than in the previous period. • Likewise, if we get a reading dropping from +90 to +5, this still means that more respondents are reporting increases than decreases overall, but the breadth of those reporting increases has fallen dramatically; meanwhile, a shift in the reading from -90 to -5 still means that more respondents are reporting decreases than increases overall, but the breadth of those reporting decreases has fallen dramatically.

Seasonal adjustments:

• The RICS Residential Market Survey data is seasonally adjusted using X-12.

Number of contributors to this month’s survey:

• 346 (corresponding to 547 branches)

Next embargo date:

• 13th November 2014 (second Thursday)

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rics.org/economics Sales market charts

regional Prices national

enquires national enquires regional

instructions national instructions regional

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rics.org/economics Sales market charts

Agreed sales national Agreed sales regional

Price expectations regional Price expectations national

Sales expectations regional Sales expectations national

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rics.org/economics Sales market charts

Sales per surveyor national Sales per surveyor regional

stocks per surveyor national

stocks per surveyor regional

Ss ratio regional Ss ratio national

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rics.org/economics Lettings market charts

Tenant demand national

Landlord instructions national

Rent expectations national

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rics.org/economics LTVs, expectations & other data

LTVs Price expectations

Rent expectations

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rics.org/economics Surveyor comments - Sales

North Yorkshire and Humberside John E Haigh MRICS, Chris Cockwill MRICS, Knaresborough, North Southport, Cockwill & Co, Andrew Holmes BSc (Hons) Alex McNeil, RICS Registered Yorkshire, Lister Haigh, 01423 01704 827075 - Following an Dip Surv MRICS, Kendal, Valuer, Huddersfield, 860322 - Uncertainty is exceptionally quiet August, Thomson Hayton Winkley Bramleys, 01484 530361 - creeping back. September has sprung into Estate Agents, 01539 815700 Slowdown in activity in the life immediately after the - Sales are again outstripping later summer months with the Ken Bird MRICS, Wetherby, school holidays. More supply with a surge of sales optimism of the early part of Renton & Parr, 01937 582731 property is coming to the agreed this month combined the year now fading. Overall a - The market has not returned market, however, new buyer with a slight fall in new relatively stable market that is to pre August activity levels enquires have slowed a little instructions. Good quality unlikely to improve as the with fewer sellers coming to compared to pre-summer family property is in short prospect of increasing interest market and buyers are taking holidays. supply with buyers moving rates becomes nearer. their time to come to a quickly for the right property at decision. Its going to be a Derek Coates MRICS, the right price. Andrew Jackson, Grimsby, long build up to next years Liverpool, Venmores, 0151 Jackson Green & Preston, election. 236 0301 - General enquiries David Edmondson MRICS, 01472 311 113 - Less busy beginning to improve following Kendal, David Edmondson - during school summer M J Hunter MRICS, summer holiday lull. The market conditions will holidays but has now Doncaster, Doncaster, 01302 Expectations promising for the become fragile up to the next improved again. 360141 - There has been no next three months. general election and subject particular increase in activity to the results will become Andrew Turner MRICS, York, in September. John Halman FRICS, more solid. Smiths Gore, 01904 756303 - Wilmslow, Gascoigne The summer has been Michael Darwin MRICS, Halman, - The market Edward Seymour, Berwick disappointingly quiet except in Northallerton, M W Darwin & remains good but new Upon Tweed, Edwin central York which remains Sons, 01609 773567 - Delays instructions are a struggle and Thompson LLP, 01289 304 very active. The rural/village in mortgage offers and stock levels have fallen. 432 - The local market stalled market is lagging behind and solicitors waiting for Enquiry levels are not as over the Scottish Referendum offers very good value, so we appropriate paperwork to be strong as earlier in the year. but hopefully will now are hopeful of a stronger completed is acting to slow continue with its fragile uptake in the traditionally the sales process John Williams FRICS MEWI, recovery. busier autumn months. considerably. Wirral, Brennan Ayre O'Neill, 0151 343 9060 - A reasonably Mr Terry Brannen FRICS, Ben Hudson MRICS, York, Nicholas Atkin FRICS, strong month for sales with Newcastle / Coast, Brannen & Hudson Moody, 01904 Driffield East Yorkshire, market activity continuing to Partners, 0191 2517878 - 650650 - A very busy early Ullyotts, 01377 253456 - hold up. Instructions and sales agreed autumn market despite the Recent lull in sales probably continue to increase. Scottish Referendum due to the holidays. Stephen Farnsworth MRICS, following a slower summer. Greater Manchester - Any Neil Foster Bsc Hons Mrics, Peter Shield FRICS, Sheffield, interest rate increase(s) likely Newcastle Upon Tyne, Foster David J Martindale MRICS, Shield Estates UK Limited, to benefit buy-to-let investors Maddison - A reassuringly Wakefield, FSL Estate 0114 2571000 - As autumn more than owner occupiers active month for new buyer Agents, - The market approaches we expect the and which may be an enquiries but still no continues to improve at a traditional slowing of activity, unintended consequence of inflationary pressure on steady rate. especially in the run up to central bank policy. prices. Christmas. Ian Adams MRICS, Kingston East Midlands Paul Airey MRICS, Upon Hull, Metropolis Philip S Mills, Bedale, Norman Sunderland, Paul Airey, Surveyors, 07703329933 - F Brown, 01677 422282 - The C T Bletsoe FRICS, 01915145777 - We are Market starting to slow due to market in this area was very Thrapston, Henry H Bletsoe & experiencing a very positive shortage of property for sale quiet in September, possibly Son, 01832 732188 - Number period which is well in excess and this will swing in favour of due to the exceptionally good of sales starting to fall through of anything we have seen sellers which could eventually weather for the time of year. as they are taking so long. over the past 6 years. Prices lead to larger house price We wonder whether the have stopped falling and more growth in this region. Scottish Referendum has also Chris Charlton BSC FRICS, sought after areas are seeing had an effect on demand in Nottingham, Savills, small increases in value. Ian Briggs FRICS, Ilkley, September. 01159348020 - August was Dacre, Son & Hartley, 01943 surprisingly busy with a good Paul McSkimmings BSc 600655 - The leaves are North West number of properties going MRICS, Newcastle Upon falling and so is market under offer. Plenty of new Tyne, Edward Watson sentiment, suggesting a hard Andrew Duncan MNAEA, St instructions coming in, we just Associates, 01207 588268 - winter ahead. Helens, J B & B Leach, 01744 need the buyers. Still Following a busy summer, 22816 - A little slower in the grindingly slow to exchange strong demand has continued J Reeves FRICS, York, summer holidays but still on many properties. throughout September. Helmsey Group LTD, 01904 generally very active in all Student investment flats and 682800 - Mortgage areas. David Hawke FRICS, houses are still very popular. availability, sentiment, Worksop, David Hawke & Co., Scotland. 01909 531450 - A general Simon Bainbridge, Darlington, slowdown in the market, still Smiths Gore, 01325 370500 - James Brown MRICS, due to lack of mortgage funds The market seemed slow to Richmond, Norman F Brown, and loan to value. pick up after the holidays but - Slight pick up in demand plenty of general activity from house hunters as Lisa Whitton, Sleaford, Escritt below £500,000 but above expected this month, but still Barrell Golding, 01529 not as busy on sales as early 302271 - Market very quiet. that level buyers remain cautious. in the year.

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rics.org/economics Surveyor comments - Sales

Martin Pendered FRICS, Ian Bullock MRICS, Richard Franklin BSc (Hons) Jeffrey Hazel FRICS, Kings Wellingborough, Martin Birmingham, Carpenter MRICS, Tenbury Wells, Lynn, Geoffrey Collins & Co., Pendered & Co Ltd, 01933 Surveyors Ltd, 0845 644 6691 Franklin Gallimore, 01584 01553 774135 - Limited 228822 - September has - August was notably slower 810436 - The first signs of number of properties coming continued as August left off, most likely due to school people using pension money onto the market but demand with strong demand and good summer holidays. Sales to invest in Buy to Let remains steady. agreed sales but a decline in activity is slightly down on last properties is happening. vendor instructions may affect year. Nigel Steele FRICS, Norwich, activity going forward. We Ryan Williams, Hay-On-Wye, Jackson-Stops & Staff, 01603 expect demand to remain Jeremy John Dell MRICS, McCartneys LLP - The 612333 - A quieter autumn strong which will put upward Oswestry, J J Dell & Co, housing market has certainly than expected in the number pressure on values. 01691 653437 - Encouraging slowed in this area. Some of new houses coming to the start to September, but this sales happening but too many market but sales continue with Neil Hunt FRICS, appears to have dramatically overpriced properties on the buyers driving hard bargains. Chesterfield, Wilkins Vardy tailed off. There is no obvious market and, for now at least, It is still a buyers market, Residential Limited, 01246 reason. The market has just not enough proceedable especially at the top end. 270123 - There was a become wary of the Bank of buyers to go around, discernible post school England’s announcement on especially at the top end. Richard Bannister MRICS, holiday surge at the beginning interest rates. There has also Felixstowe, Bannisters, 01394 of the month which has now been a tightening in the Stephanie Doolittle MRICS, 282828 - Good results for the fizzled out leaving a lot of mortgage market. Worcester, Halls (Midlands) first half of the year. But, frustrated and confused LLP, 01905 611066 - A because of significant price sellers. John Andrews FRICS IRRV, steady month with new rises over the last few Bridgnorth, Doolittle & Dalley, enquiry levels low and months, expect a period of Nigel Paterson FRICS, 01562 821600 - Sales undersupply of new stock. consolidation, with prices Lincolnshire, Estate Agents increasing after quieter vacillating both up and down Lincolnshire, 01754882333 - holiday period. More interest Stephen Smith MRICS, with no discernible increase Buyer confidence starting to in all price ranges and where Walsall, Fraser Wood, 01922 until wages catch up inflation. return, with caution. asking prices are realistic 629000 - The lower priced sales being arranged. properties are extremely Robert Swiney MRICS, Bury Peter Woodthorpe MRICS, competitive with a number of St Edmunds, Lacy Scott and Leicester, Readings Property John Andrews FRICS IRRV, sealed bids but as the market Knight, 01284 748600 - The Group Ltd., 0116 204 6157 - Stourport, Doolittle & Dalley, progresses over £300,000, market is beginning to soften. Buyer activity is now picking 01562 821600 - Sales being towards the higher end of the If it is starting to feel like up again after the summer arranged but asking prices market within the Walsall November already, pricing is holidays. New instructions are need to be very realistic. area, it becomes challenging. paramount if a sale is to be still in short supply, so for the Perspective purchasers still agreed this side of Christmas. time being prices are likely to expecting a discount from Thomas Wyn Jones FRICS, hold up. asking price. Church Stretton, McCartneys, Tom Goodley MRICS, 01694 722288 - September Norfolk, Strutt & Parker, Rachel Gascoine FRICS, John Andrews FRICS IRRV, has been a quieter month, 01603617431 - Large country Southwell, Gascoines, Bewdley, Doolittle & Dalley, sales agreed have increased house sales remain difficult 01636813245 - The market 01562 821600 - Although but new stock coming to the outside of the prime areas, remains buoyant. there is interest from market is slow. Less calls but Norwich properties are perspective purchasers the taken for appraisals too. selling well. There is a general Stephen Gadsby BSc FRICS rate of sale and new shift towards urban living. FSVA, Derby, Gadsby instructions is much slower East Anglia Nichols, 01332 296396 - than earlier in the year. Slight W J Hartnell FRICS, Quieter month in terms of improvement after holiday Alan Williams, Colchester, Ingatestone, Simon Matthew activity which may be the season. Fenn Wright, 01206 216551 - & Co., 01277 355255 - Sales seasonal holiday effect. No The autumn market is busy have been good during evidence of substantial price John Doolittle FRICS IRRV, but there are some quieter August. Expensive houses increases as supply rises. Kidderminster, Doolittle & moments in there to keep us over one million have sold Dalley, 01562 821600 - A guessing. Some of the steam well. The autumn should be Stephen Jeffery FRICS, slower market than earlier in has come out of the market good for sales. Derby, Jeffery Jones, 01332 the year, however, the market but a lot of overvaluing is still 200388 - First time buyers are is strengthening as we go into going on. South East bypassing the traditional inner autumn. city terraces and are opting Andrew Wagstaff, Burnham Anthony Jamieson MRICS, for new build. Student John Ozwell FRICS, Solihull, Market, North Norfolk, Guildford, Clarke Gammon investment market is poor Hunters, 01564 771000 - Bedfords, 01328 730500 - Wellers, 01483 880905 - Still with purpose built blocks Sales sluggish for September, Demand remains high but a shortage of stock but now a taking over from existing normally more activity at the buyers are much more buyers market. The right stock. Many landlords are start of the autumn market. focussed on achieving value property and the right price considering sale. for money. will still sell well. Mike Arthan FRICS, West Midlands Shropshire, Barbers, - Jan Hytch FRICS, Norwich, September saw a welcome Arnolds, 01603 620551 - The Colin Townsend, Malvern, increase in activity after a very subdued activity of August John Goodwin, 01684 892809 quiet August. has shown strong signs of - Prices have stabilised but recovery in early September. still plenty of activity. The market remains positive.

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rics.org/economics Surveyor comments - Sales

C Rutland FRICS 0033389, John Frost MRICS, Philip Hiatt MRICS, East Graham Thorne FRICS Southampton, Rutland Beaconsfield, The Frost Grinstead, Your Move Philip FCIOB, East Dorset, Thornes Chartered Surveyors, 023 Partnership, 01494 680909 - Hiatt, 01342 321142 - Limited Chartered Surveyors, 01202 8066 3451 - The market is The market remained strong stock up to £300,000 means 684004 - The September subdued with a lack of supply, throughout the summer, that the bottom end of the market has proved to be a restricting choice. Lenders however the September market is not giving the push strong sales month but the require additional reports for market has been slower to that is needed from the lower shortage of good quality older property and this is take off. That may be due to end. This was what stimulated instructions is more of a worry extending the period between the schools returning and the prices and activity in the early looking forward over the sale and contract to 8 - 10 Scottish Referendum. Prices part of the year. autumn period. weeks. may have to be reduced to reflect the current climate. Roderick Baker FRICS, Ian Perry FRICS, Chris Gooch MRICS, Folkestone, Fell Reynolds, Cheltenham / Cirencester Winchester, Cater Jonas, John Frost MRICS, Burnham, 01303 850125 - There is Nailsworth / Tetbury / Stroud, 01962842742 - The hoped for The Frost Partnership, 01494 some evidence that new Perry Bishop and Chambers, uplift in activity in September 680909 - Increase in instructions are increasing but 01285 655355 - The Scottish has been muted and it is clear instructions, less demand this could be a seasonal blip. debate may have held the there is a degree of price from buyers. Sales enquiries static and market back temporarily but caution. sales still rising. activity has now picked up John Frost MRICS, Gerrards again. David Nesbit FRICS, Cross, The Frost Partnership, W J Hartnell FRICS, Portsmouth, D.M.Nesbit & 01494 680909 - Shortage of Ingatestone, Simon Matthew James Wilson MRICS, Company, 023 9286 4321 - stock but more instructions in & Co., 01277 355255 - August Shaftesbury, Jackson - Stops Market quiet after the holiday September. August was quiet was extremely busy. Usually and Staff, 01747 850858 - period. Overpriced properties all round. August is slow due to Market activity has increased not moving. Keen demand holidays. Therefore late post August, despite political from developers for auction John Frost MRICS, Langley, September and October uncertainty. lots. The Frost Partnership, 01494 should be better. 680909 - Good number of Jeff Cole MRICS, Edward Rook MRICS, instructions balanced by a South West Wadebridge, Cole Rayment & Sevenoaks, Knight Frank, - good level of purchasers. White, 01208813595 - We Concerns over a mansion tax David J Dark FRICS, have had a busy month for may stall the top of the John Frost MRICS, Staines, Bideford, Seldons Estate both sales and instructions, market. The Frost Partnership, 01494 Agents, 01237477997 - but expect things to slow 680909 - More instructions Market very busy but still price down as we enter October. Hugh Tucknott, Brighton & coming to the market but sensitive. Shortages of some We expect to continue seeing Hove, Parsons Son & Basley, vendors expectations are styles of property. sales agreed into October for 01273 326171 - Any unrealistic currently in this those wishing to move in predictions for either the next market place. David McKillop FRICS, before Christmas. year or next five years are Salisbury, McKillop and totally dependent on supply of John Frost MRICS, Windsor, Gregory, 01722 414747 - A John Corben FRICS FCIArb, new properties, and possible The Frost Partnership, 01494 quiet start to the month after a Swanage, Corbens, 01929 changes in interest rates. 680909 - Pricing realistically is very quiet July and August. 422284 - There has been no essential to provide interest Things have now improved traditional pattern to the year. Ian Perry FRICS, Farringdon / and competition as the and we are much busier. Very September has not seen the Wantage / Shrivenham 'heated' market in the first part few first time buyers. typical seasonal demand; Highworth Witney, Perry of the year has turned to a Mortgage market is appalling. August was busier. The last Bishop and Chambers, 01285 more 'normal' market place. Difficult to keep chains month has been slower than 655355 - The Scottish debate together with these delays. we would expect. slowed the market Martin Allen MRICS, Transactions and new temporarily, but it has now Wingham, Canterbury, Elgars, Euan Woodman, Bath, Carter instructions continue to flow. picked up again. 01227 720557 - Slight fall in Jonas - Election, interest enquiries but buyers still keen rates, Scottish Referendum Luke Pender-Cudlip MRICS, John Frost MRICS, and competitive on sensibly will all shake up the market, Sherborne, Knight Frank - Amersham, The Frost priced properties. but as long as there is Now the London property Partnership, 01494 680909 - desirable property and market has "topped out" we Low stock levels. Good buyer Martin Seymour BSc FRICS, relatively affordable credit are witnessing an increase in demand but prices still Reigate, Crow Watkin, 01737 available then things should buyer migration. Purchasers sensitive so over priced stock 245886 - Market conditions remain stable. are taking advantage of the is not selling. have cooled in recent months attractive price differential in a climate of political and Graham Merrett, MRICS, between town and country. John Frost MRICS, Ashford, economic uncertainty and Bath, Crisp Cowley, 01225 The Frost Partnership, 01494 price levels have plateaued. 789333 - Slow start to the Mark Annett FRICS, Chipping 680909 - There are signs that autumn market, although an Campden, Mark Annett & over optimistic pricing is not Mike Hewson FRICS, improvement from August. Company, 01386 841622 - producing any results now. Lingfield, Howard Cundey, Buyers still finding it difficult to Significantly quieter this 01342 833333 - A good find much to choose from – month. Lack of instructions, period for exchanges but new therefore prices remain high. given the autumn market is sales slower and some fall- Plenty of investors in the here. Uncertainty over throughs appearing. A more market. Scotland and lack of balanced market. confidence in the stock and

money markets does not help.

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rics.org/economics Surveyor comments - Sales

Mark Lewis FRICS, Wales London Kevin Ryan FRICS, Mayfair, Sturminster Newton Dorset, Carter Jonas LLP - The Symonds and Sampson, Andrew Morgan FRICS, Brendon Thomas MRICS, market remains in the 01258 473766 - Mortgages Ceredigion, Morgan & Davies, Tower Hamlets/ Hackney / doldrums. The spectre of a are a challenge for many 01570 423623 - The market City / Newham, Maitlands Mansion Tax on top of the buyers especially for remains very fragile and Acorn Professional Ltd, Annual Tax on Enveloped commercial properties and lenders particularly cautious. 07823777900 - Seeing good Dwellings and the recently this is slowing down the demand across most of my introduced tax on foreign transaction period. Anthony Filice FRICS, Cardiff, patch, underpinned by capital used as collateral for Kelvin Francis, 02920766538 regeneration etc. New mortgage borrowings in the Michael Dukes MRICS, - September had a slow start, schemes are selling well. UK is a deterrent to overseas Taunton, Greenslade Taylor maybe due to the Scottish Expect a busy run into buyers. Hunt, 01823 277121 - As Referendum and the Christmas. expected, a busier September implications on the economy. Peter Boros FRICS, Henley after a very quiet August. The Afterwards, increases in Charles Puxley, Chelsea, On Thames, Boros CRE Ltd - amount of appraisals and activity, valuations, viewings Jackson-Stops & Staff, 020 Last few months impacted by property listing is less than and offers have been 7581 5881 - Traditionally Sept worldwide holidays and expected and may help hold apparent. Transactions are ember is a busy month for festivals/celebrations. the market up as fresh buyer taking longer, shortage of instructions in Central enquiries are still relatively solicitors and surveyors and London. This has not Peter Rollings FRICS, muted. effect of Mortgage Market happened this year and there London, Marsh & Parsons, - Review. is notably very little activity at A lack of potential buyers OF Miles FRICS, Swanage, just over the £2m mark. entering the market has Oliver Miles, 01929 426655 - , David E Baker FRICS, Mansion tax seems to be a caused inflated asking prices September was disappointing Penarth, David Baker Co Ltd., real worry; it will decimate to be trimmed back, in some in terms of sales. New 02920 702622 - The market is London prices. cases considerably. More of a instructions improved in the steady, having slowed down buyers market. last week as did market slightly since April - June James Gubbins MRICS, approvals. Hopeful of a better period. Still taking a long time Pimlico, Dauntons, 020 7834 Robert Green MRICS, October before the winter lull to process mortgage 8000 - Stock levels began to Chelsea, John D Wood & Co., sets in. applications. recover over the summer 020 7352 1484 - Chelsea has months as applicant numbers seen an active market from Peter Olivey MRICS, David James FRICS, Brecon, fell back and transaction domestic buyers in Padstow, Cole Rayment and James Dean, 01874 624757 - numbers reduced. As September. These buyers are White, 01841 533386 - Brisk September has been another summertime passes, buyer looking to the long term and period of sales from the end busy month. activity returns. seem less sensitive to the to August through September, threat of Mansion Tax than however new instructions David Owen Evans FRICS, Jeremy Leaf FRICS, Finchley, others as many seem were down on the previous Rhayader, Clare Evans & Co, Jeremy Leaf & Co - There's unconvinced it will happen, at year, leading to sellers 01597 810457 - Sales have no question, we're seeing a least in the current form. increasing price expectations. slowed after the return to marked reduction in enquires school but prices are realistic. compared with a few months Simon Aldous MRICS, Robert Cooney FRICS, ago. However, what we lack London, Savills, 020 7016 Taunton, Robert Cooney Julian Dyer FRICS, in quantity is more than made 3861 - We do think there is Chartered Surveyors & Estate Abergavenny, Julian Dyer & up for in quality as serious uncertainty due to the Agents, 01823 230230 - Sales Co - Restrictions on buyers chase relatively few forthcoming General Election remain fairly strong against far availability of mortgages has well-priced family houses and and the changes that may fewer instructions, perhaps had a profound effect on the flats available. arise to Mansion Tax, Annual surprisingly compared to market locally. It seems the Tax on Enveloped Dwellings , previous starts to Q4. Government in attempting to John King FRICS, Capital Gains Tax, Stamp address the perceived Wimbledon, Andrew Scott Duty. Changes to mortgage Robert Williams MRICS, overheating of the London Robertson, 020 8971 4990 - lending/regulation has Exeter, Robert Williams, market have thrown out the Activity levels are greater softened the market in Prime 01392 204800 - Any baby with the bathwater. below the £1m level than South West London. investments are being halted above at present. Good by the vote for Scottish Nigel Jones FRICS, supply of stock coming onto Scotland independence. The general Carmarthen, John Francis, the market across all price public do not seem to realise 01267 221554 - A much ranges. Values are softening. Adrian Stott MRICS, Lothians, that it will take at least five improved month on August. J and E shepherd, years to take effect. Listings and sales remain up John King FRICS, Merton, 01316533456 - Supply still on 2013 but so do cancelled Andrew Scott Robertson, 020 seems to lag behind demand Rupert Geering AssocRICS, sales which is probably a 8971 4990 - The number of with prices being seen to Crediton, Devon Sales and result of Mortgage Market viewings to offer ratio has exceed Home Report values. Lettings - More buyers active Review as consumer moved down the scale. We Some slowdown during this month, instructions confidence remains strong. expect this to be the norm referendum week. quieter than one would hope. depending on asking prices. Paul Lucas BSc FRICS, Alexander Inglis MRICS, Stephen Morris MRICS, Haverfordwest, R.K.Lucas & Keith Barnfield FRICS, Scottish Borders, CKD Bristol & Bath, Davies & Way, Son, 01437 762538 - The Enfield, Barnfields, 020 8363 Galbraith, 01573 224 244 - 01225 400400 - We remain in marked improvement in 3394 - Activity has yet to pick Quieter in the run up to the a busy market. activity would appear to be up after the holidays. More referendum with some sustained. New build properties are staying on the potential buyers holding off properties remain few and far market longer and offers are until the result was known. between as a result of being made at figures below Immediate pick up since the restrictive planning legislation. asking prices. referendum.

11

rics.org/economics Surveyor comments - Sales

Chris Highton FRICS, Iain Swayne BSc FRICS, Peter McEachran FRICS, Samuel Dickey MRICS, Edinburgh, Lothians And Kinross, Dunfermline, D M Paisley, Graham + Sibbald, Belfast, Samuel Dickey Estate Borders, Allied Surveyors Hall, 01383 621262 - A 0141 889 3251 - After a slight Agents, 02890652211 - Lack Scotland plc, 0131 455 7070 - noticeably quieter September referendum pause the market of supply still in the sales The referendum definitely probably due to the is showing signs of a return to market is driving prices up. impacted on the market over uncertainty created by the activity. Home Reports The rate of price increase has the last month or so. referendum. Properties still continue to form a valuable slowed. Transactions stalled as selling and indications that asset to the marketing of everyone held their breath. sellers will return before the properties and are being Time will tell if we return onset of winter. instructed even when not straight away back to normal required. Good activity and see an active autumn Ian Morton BSc (Hons) MLE anticipated. market kicking in. MRICS, St Andrews, Bradburne & Co., 01334 479 Rory Ballantyne MRICS, Craig Henderson MRICS, 479 - The market has picked Edinburgh, Ballantynes, Glasgow And West Scotland, up slowly post referendum, 01314592222 - The

Graham & Sibbald, 0141 332 with the traditional autumn referendum has resulted in a 1194 - The independence sales period extended due to number of clients holding vote has affected the market mild weather. back on both purchases and over the last couple of sales until the outcome is months, with reduced activity Kevin Hay BSc MRICS, Ayr, known. The lead up to the levels. The no vote will Allied Surveyors, 01292 vote has seen a sharp drop in hopefully see things stabilise 265381 - Referendum in market activity. quickly. Scotland has affected the market. Thomas Baird MRICS RICS Gavin Miller MRICS, Stirling, Registered Valuer, Glasgow, Graham and Sibbald, 01786 Kevin MacDonald, Inverness, Select Surveyors Ltd, 0141- 463111 - The number of new Graham + Sibbald, 01463 632-6589 - September has so home report instructions 236977 - With the outcome of far been incredibly busy for remained steady despite the the referendum decided it is Home Report instructions in uncertainty with the now time to re-group and Glasgow and we have not referendum. The number of build upon the improvements seen the slowdown expected bank transcriptions also seen in the market during the due to the referendum. remains at a good level, earlier part of 2014. Stability showing that there is still and security will be key William Murphy MRICS, strong activity in the market factors to help maintain an Edinburgh, Cruden Homes place. active market through the (East) Ltd, 0131 442 5785 - winter. As a business we believe the Gordon Macdonald FRICS, Scottish Referendum Aberdeen/Aberdeenshire, Kevin Murchie BLE MRICS, impacted on confidence and Allied Surveyors Scotland, Edinburgh, Graham + Sibbald transactions over the last 01224 571163 - - The market has shown signs month. Determination of the of increased activity in all independence vote should sectors. A marked slowdown Northern Ireland offer confidence to the market was witnessed during the lead over the winter months and up to the referendum. Gareth Gibson FRICS, into the spring. Short term Belfast, Douglas Huston LLP, issues in oil and gas are Lindsay S Duguid BSc 02890683711 - Sales demand balanced by increasing global FRICS, Edinburgh, McNeill continues to strengthen, tension which will no doubt Maguire & McCreath, 0131 however, available sales increase oil revenues again. 226 6518 - Sense has stock is restricted. prevailed following the Graham Tonner, Dundee, referendum but things will Joseph McGeehan MRICS, Graham + Sibbald, never be the same. However, Belfast, McGeehan Chartered 01382200064 - September the decision will allow the Surveyors & Estate Agents, has been quieter than usual at property market to 'move on' 02890701424 - Finance this time of year - possibly after a quiet September. issues. due to the referendum. Early signs are that October should Martin Douglas BSc (Hons) Keith Lamont MRICS, Belfast, see more properties coming MRICS, Hamilton, Graham + TDK Commercial Property to the market. Sibbald, 01698422500 - The Consultants - Bank Loan Lanarkshire area has Book Sales. Certainly lower Greg Davidson MRICS, Perth, continued to show an demand and higher interest Graham + Sibbald, 01738 improvement in the number of has seen prices increase. 445733 - The Scottish country reports being instructed and house market has been the number of properties Martin Bradley MRICS, holding its breath for the last achieving close to or on home Warrenpoint, Newry, P.J. few months and now that the report value is increasing. Bradley Property Services, position is clear there is 028 4177 3777 - Coming to expected to be renewed winter period, fewer activity late in 2014. instructions and less sales predicted. Hugh Jones, Galashiels, Edwin Thompson, 01896 751300 - The referendum has slowed down sales.

12

rics.org/economics Surveyor comments - Lettings

North Peter Shield FRICS, Sheffield, Lisa Whitton, Sleaford, Escritt John Ozwell FRICS, Solihull, Shield Estates UK Limited, Barrell Golding, 01529 Hunters, 01564 771000 - Mr Terry Brannen FRICS, 0114 2571000 - We expect 302271 - Lot of tenants Stable market with reasonable Newcastle / Coast, Brannen & demand to pick up slightly as looking. activity maintained throughout Partners, 0191 2517878 - Still summer holidays have September. a very strong lettings market finished, school and West Midlands though supply is dwindling. universities return to normal. Linda Daniel, Nuneaton, Andrew Pearce, Cartwright Hands, 02476 Neil Foster BSc Hons MRICS, Philip S Mills, Bedale, Norman Wolverhampton, millennium 350700 - Demand is still Newcastle Upon Tyne, Foster F Brown, 01677 422282 - properties ltd, 01902 836036 - outstripping supply and new Maddison - Retaining strong Demand for rental properties Very busy summer period property instructions are still demand for family and larger in September has been good. surpassing all previous years not covering the requirements long term rentals but the of trading. of waiting tenants. bottom end is sluggish. North West Colin Townsend, Malvern, Mike Arthan FRICS, Paul McSkimmings BSc Andrew Duncan MNAEA, St John Goodwin, 01684 892809 Shropshire, Barbers - MRICS, Newcastle Upon Helens, J B & B Leach, 01744 - Still very strong demand but Continued strong tenant Tyne, Edward Watson 22816 - Pressure on yields not enough supply. Rental demand and a general Associates, 01207 588268 - and one or two more lets values can expect to rise. shortage of new stock. Purchasing is still coming to the market pre- unaffordable to many, rental Christmas as tenants decide Dean Taylor MRICS, Richard Franklin BSc (Hons) demand as a result has to have a change. Harborne, Fishers, 0121 MRICS, Tenbury Wells, remained consistently strong. 4281000 - Busy at the Franklin Gallimore, 01584 Caroline Thompson MRICS, beginning of September but 810436 - Smaller and larger Richard Towler MRICS, Keswick, Edwin Thompson have seen a drop in good rental units are struggling in Penrith, Eden Lettings & LLP - We operate in an area quality available property the current market. Shortage Management, 01768899421 - with high capital values, but towards the end of the month. of supply for two and three Applicants report a shortage low rental values (due to bedroom units. of property and choice, poorly paid employment in the Jayne Tart, West Midlands, reflecting a reduction in tourism industry). This pushes Balfours LLP, 01743 277069 - Ryan Williams, Hay-On-Wye, property available as units are rental values down. A much better month for new McCartneys LLP - Steady withdrawn for sale and fewer landlords and tenants. supply and reasonable new instructions are placed. Ed Goodwin, Northwich, demand. No upward pressure Wright Marshall, 01606 41318 Jeremy John Dell MRICS, on rents in this area. Yorkshire and Humberside - Good properties still Oswestry, J J Dell & Co, Overpriced property taking a required. 01691 653437 - Not enough long time to find a tenant. Alex McNeil, RICS Registered property to meet demands. Valuer, Huddersfield, John Halman FRICS, The office is 'rented out'. Stephanie Doolittle MRICS, Bramleys, 01484 530361 - Wilmslow, Gascoigne Halman Worcester, Halls (Midlands) Rental demand within the - Tenant demand continues John Andrews FRICS IRRV, LLP, 01905 611066 - We preferred areas remains unabated and lack of stock Bridgnorth, Doolittle & Dalley, have seen the supply of strong, however void periods still the main issue. 01562 821600 - Still a properties increase this month becoming more extended shortage of property as levels and strong tenant demand within the less attractive East Midlands of enquiry continue to remains. areas. Overall, rented sector increase. For most properties, relatively stable. C T Bletsoe FRICS, multiple applications are Thomas Wyn Jones FRICS, Thrapston, Henry H Bletsoe & received. Church Stretton, McCartneys, David J Martindale MRICS, Son, 01832 732188 - Lack of 01694 722288 - We currently Wakefield, FSL Estate Agents properties is a problem. John Andrews FRICS IRRV, have no properties available - The market is very busy. Stourport, Doolittle & Dalley, to rent, tenant demand is high Charlotte Crosby, Melton 01562 821600 - Market but very little property coming Ian Adams MRICS, Kingston Mowbray, Shoulers & Son, continues to be at a high level on the market. Upon Hull, Metropolis 01664 410166 - Instead of but fewer new properties Surveyors, 07703329933 - focusing on trying to abolish becoming available to let. East Anglia Eastern Europeans still tenants fees, maybe the Enquiries remain at the same maintaining market. Labour Party should focus on level as earlier in the year but Jan Hytch FRICS, Norwich, introducing more legislation will not increase unless supply Arnolds, 01603 620551 - Ian Briggs FRICS, Ilkley, into the private rented sector improves. There has been a noticeable Dacre, Son & Hartley, 01943 e.g. compulsory electrical increase in tenant movement 600655 - Tenant demand has checks and mandatory John Andrews FRICS IRRV, and valuation requests from picked up as some buyers installation of smoke alarms. Bewdley, Doolittle & Dalley, new and existing landlords. decide to await the spring and 01562 821600 - A strong rent accommodation over the J A Elkington MARLA, market with several Nigel Steele FRICS, Norwich, winter. Lincoln, H E Lettings, 01522 applications for each property Jackson-Stops & Staff, 01603 698899 - We have seen more that comes available to let. 612333 - Good demand for J Reeves FRICS, York, opportunities to quote for new More property needed to well presented properties. Helmsey Group LTD, 01904 instructions over the last satisfy demand. 682800 - Lack of supply will couple of weeks, probably W J Hartnell FRICS, force rents higher. due to the holiday season John Doolittle FRICS IRRV, Ingatestone, Simon Matthew being over - as yet, it remains Kidderminster, Doolittle & & Co., 01277 355255 - Just Nicholas Atkin FRICS, to be seen whether the Dalley, 01562 821600 - Still recently, lettings of four and Driffield East Yorkshire, landlords will instruct the strong demand for all types of three bedroomed houses Ullyotts, 01377 253456 - work. rented accommodation. have appreciated in rental Some landlords opting to sell. Supply is also improving and value. This is due to shortage rents are not increasing at the of homes for sale. moment.

13

rics.org/economics Surveyor comments - Lettings

South East Jessica Moynan, Worthing, Karen Bell, Warminster, Julian Dyer FRICS, Countrywide Residential Cooper & Tanner, 01985 Abergavenny, Julian Dyer & David R Robinson MRICS, Lettings, 01903 232111 - 219188 - Property is Co - Steady demand Westerham, Karrison Landlord instructions have becoming short but tenant continues. Property, 01959 563888 - increased recently, mainly demand remains high. Now summer is over, activity because a lot of people are London levels in the family rental buying to let and are Mark Annett FRICS, Chipping market have increased. exchanging recently. Campden, Mark Annett & James Gubbins MRICS, Occupiers attracted to private Company, 01386 841622 - Pimlico, Dauntons, 020 7834 estate owned properties John Frost MRICS, Quieter and more people 8000 - Less activity in terms providing longer term Amersham, The Frost wanting to buy than rent. of new lets as many tenants tenancies. Partnership, 01494 680909 - are renewing with minimal Very good tenant demand but Martin Taylor MRICS, increases or at the same rent Jeremy Q Fisher, shortage of new instructions. Gloucestershire, Gooch & rather than change property. Beaconsfield, The Frost Burley Ltd., 01531 822777 - Partnership, 07776 297202 - John Frost MRICS, Burnham, We have a shortage of Jeremy Leaf FRICS, Finchley, Beaconsfield is seeing a very The Frost Partnership, 01494 property stock so it is a good Jeremy Leaf & Co - Whilst busy market, lettings depend 680909 - Demand still strong time for landlords to let as rent interest in lettings is rarely in on what becomes available, but tenant quality low. expectations are higher due to inverse proportion to sales, but still short of new landlords. lack of choice. We have good demand certainly increased Martin Allen MRICS, quality tenants who can afford this month, as we usually find Jeremy Q Fisher, Feltham, Wingham, Canterbury, Elgars, more, and at the other end we at this time of year. However, The Frost Partnership, 07776 01227 720557 - Good have EU clients who cannot shortages of smaller flats and 297202 - Still seeing strong demand for let properties afford much. family houses is helping to tenant demand in Feltham but continues, offering a choice of maintain rental levels. new stock is becoming a real tenant for most properties Paul Oughton MARLA, issue as we are letting all that allowing landlords a pick of Cirencester And Cotswolds, John Collard MRICS, come on. the most suitable for their Moore Allen & Innocent LLP, Wimbledon, Robert Holmes & property and income 01285 651831 - Weaker Co, 0208 879 9669 - Supply Jeremy Q Fisher, Gerrards expectations. demand and weaker supply still outweighs demand in our Cross, The Frost Partnership, during early September but area and there has not been 07776 297202 - Gerrards Roderick Baker FRICS, picking up again now. the usual uplift in rentals we Cross has seen a drop in Folkestone, Fell Reynolds, always experience when tenant activity but is still busy. 01303 850125 - Although Rupert Geering AssocRICS, sales level off during Available stock is growing landlords expectations of Crediton, Devon Sales and September/October. slowly but still in need of more higher rent are up, the Lettings - A few more new landlords movement in lettings available instructions and more interest John King FRICS, is static and higher rents are from tenants on sensibly Wimbledon, Andrew Scott Jeremy Q Fisher, Langley, not always being achieved for priced property. Robertson, 020 8971 4990 - The Frost Partnership, 07776 the mid to lower range Hectic period of activity as 297202 - Langley is busy with properties. Sonia Matthews FARLA more investors come back to new tenants registering but MNAEA MAPIP, Taunton, the market to let rather than quality of the tenants has Stuart Gray MRICS FAAV, St Greenslade Taylor Hunt, sell. Again stock in good dropped off in last 2 months. Albans, Strutt & Parker LLP, 01823 337722 - There is an supply providing a better Seen a slight increase in new 01727 840285 - Following the obvious fall in the amount of choice for would be tenants. landlords but still need more. summer holidays there has people looking for rental been a surge in demand for property. New landlord John King FRICS, Merton, Jeremy Q Fisher, Staines, small family homes and we instructions are down on this Andrew Scott Robertson, 020 The Frost Partnership, 07776 have seen competitive time last year, however, 8971 4990 - Very active 297202 - Staines has seen bidding. The largest homes landlords rent expectations market, fewer empty constant levels of new tenants continue to let slowly. are higher which may explain properties, expect to see rent registering but, as with the lack of activity at the rises happen if market Langley, has seen the quality W J Hartnell FRICS, moment. continues in its present vein. drop. The number of new Ingatestone, Simon Matthew landlords is still the main & Co., 01277 355255 - Wales Keith Barnfield FRICS, concern. Lettings have become slightly Enfield, Barnfields, 020 8363 better during August (up Anthony Filice FRICS, Cardiff, 3394 - The market is relatively Jeremy Q Fisher, Windsor, about 2%). Kelvin Francis, 02920766538 quiet. We are getting fewer The Frost Partnership, 07776 - Continued shortage of two tenant enquiries. 297202 - Windsor has seen South West bed properties which are in its busiest period ever with high demand. Luxury rental Peter Rollings FRICS, number of lets breaking all Graham Merrett, MRICS, market also strong with early London, Marsh & Parsons, - previous levels. Tenant Bath, Crisp Cowley, 01225 lettings being agreed. A normal busy September activity is good but as we are 789333 - Market improving with good amounts of tenants letting all properties that come September/October, months David Owen Evans FRICS, competing for a diminishing on, it is really hard to build which usually trigger plenty of Rhayader, Clare Evans & Co, pool of properties. stock levels to respond to activity. 01597 810457 - Lettings tenant demand. continue to be in demand Simon Aldous MRICS, John Corben FRICS FCIArb, across all house types. London, Savills, 020 7016 Swanage, Corbens, 01929 3861 - The continuing 422284 - Tenant demand Jayne Tart, Wales, Balfours performance of the financial continues to outstrip supply. LLP, 01743 277069 - A busy sector in London ensuring month for new landlords and consistent demand. tenants.

14

rics.org/economics Surveyor comments - Lettings

Scotland Northern Ireland

Carolyn Davies, Dumfries, Gareth Gibson FRICS, GM Thomson & Co, 01387 Belfast, Douglas Huston LLP, 254424 - Continued over 02890683711 - Lettings supply in the market, poorer demand from tenants remains quality or outlying properties strong again with small from employment areas monthly rent increases proving more difficult to rent evident. The available properties, particularly for non Fraser Crichton. MRICS, student tenants, is extremely Edinburgh, Dove Davies and limited. Partners, 0131 228 3999 - There continues to be a Martin Bradley MRICS, shortage of good quality Warrenpoint / Newry, P.J. central one and two bedroom Bradley Property Services, flats to let within Edinburgh. 028 4177 3777 - Less movement over next few Gordon Macdonald FRICS, months as tenants begin to Aberdeen/Aberdeenshire, settle for Christmas. Allied Surveyors Scotland, 01224 571163 - Lack of Samuel Dickey MRICS, available property for letting Belfast, Samuel Dickey Estate will continue to place upward Agents, 02890652211 - pressure on rents. Declining Rental is very strong with oil price may have a small several applications per effect on demand in the short property demonstrating that term. rental is safer or a better option than buying currently. Hugh Jones, Galashiels, Edwin Thompson, 01896 Stephen Reid MRICS, Belfast, 751300 - The referendum has GOC Estate Agents Limited, - slowed down lettings. Our office has conducted a high number of lettings over Ian Morton BSc (Hons) MLE the past three months due to MRICS, St Andrews, the high number of student Bradburne & Co., 01334 479 lettings that we deal with. 479 - Tenant demand continues. Evidence that Buy to Let investors are receiving funding from banks as confidence in the economy grows.

John Gell MRICS, Inverness, Simply Let - Steady tenant demand continues and new instructions accrue, mostly from new Buy to Let investors. Lack of larger properties.

Martin Douglas BSc(Hons) MRICS, Hamilton, Graham + Sibbald, 01698422500 - The rental market within the main centres of the Lanarkshire area has remained strong with good quality stock performing well.

Neil Woodhead FRICS, Renfrewshire, Castle Estates, 01475784781 - Unlike the main cities we experienced a considerable slow down prior to the Yes/No Vote

Robbie Buchanan MRICS, Kirkcaldy, Graham + Sibbald, 01592 266211 - The market locally was quieter than normal in the run up to the referendum but is picking up now.

15

rics.org/economics Surveyor contact details

North Richard Towler MRICS, John E Haigh MRICS, Simon Brearley MRICS, Penrith, Eden Lettings & Knaresborough, North Halifax, Brearley-Greens, Andrew Holmes BSc (Hons) Management, 01768899421, Yorkshire, Lister Haigh, 01423 01422 330088, Dip Surv MRICS, Kendal, [email protected] 860322, [email protected] Thomson Hayton Winkley www.listerhaigh.co.uk, Estate Agents, 01539 815700 Simon Bainbridge, Darlington, [email protected] Simon Croft, FNAEA ARLA, Smiths Gore, 01325 370500, o.uk Harrogate, Feather Smailes David Edmondson MRICS, smithsgore.co.uk, Scales, 01423 534186, Kendal, David Edmondson, simon.bainbridge@smithsgor Jon Clark, Bath, Touchstone, www.fssproperty.co.uk, David Edmondson, , e.co.uk 01225 838 425, [email protected]. [email protected] www.touchstonecps.com, uk o.uk Sue Summerson, Whitley [email protected] Bay, Rickard, Simon Dee MRICS, Driffield, Edward Seymour, Berwick [email protected] Ken Bird MRICS, Wetherby, Dee Atkinson & Harrison, Upon Tweed, Edwin Renton & Parr, 01937 01377 241919, www.dee- Thompson llp, 01289 304 Yorkshire and Humberside 582731, atkinson-harrison.co.uk, 432, Edwin-thompson.co.uk, www.rentonandparr.co.uk, simon@dee-atkinson- e.seymour@edwin- Alex McNeil, RICS Registered [email protected] harrison.co.uk thompson.co.uk Valuer, Huddersfield, Bramleys, 01484 530361, M J Hunter MRICS, Grice and William Marshall MRICS, Jon Clark, Bath, Touchstone, www.bramleys, Hunter, Doncaster, 01302 Leeds, Adair Paxton, 01225 838 425, [email protected] 360141, [email protected] www.touchstonecps.com, www.gricehunter.co.uk, [email protected] Andrew Jackson, Grimsby, [email protected] North West Jackson Green & Preston, om Jonathan Loughrey - 01472 311 113 Andrew Duncan MNAEA, St 1284805, Hartlepool, ASP Michael Beech MRICS, Helens, J B & B Leach, 01744 Associates, Andrew Turner MRICS, York, Skipton, Windle Beech 22816, www.jbbleach.com, [email protected] Smiths Gore, 01904 756303, Winthrop, 01756 692900, [email protected] www.smithsgore.co.uk, www.wbwsurveyors.co.uk, m K Johnson FRICS, Durham, [email protected] [email protected] JW Wood, 01913869921, .uk Caroline Thompson MRICS, www.jww.co.uk, Michael Darwin MRICS, Keswick, Edwin Thompson [email protected] Ben Hudson MRICS, York, Northallerton, M W Darwin & LLP, cm.thompson@edwin- Hudson Moody, 01904 Sons, 01609 773567, thompson.co.uk Michael Stewart, Newcastle 650650, hudson-moody.com, www.darwin-homes.co.uk, Upon Tyne, Summers-Inman, benhudson@hudson- enquiries@darwin- Chigozie Onuoha MRICS michael.stewart@summers- moody.com homes.co.uk APC Candidate, Salford, inman.co.uk Convergy's, D Blagden FRICS, Harrogate, Nicholas Atkin FRICS, [email protected] Mr Terry Brannen FRICS, e.surv Chartered Surveyors, Driffield East Yorkshire, Newcastle / Coast, Brannen & 01423 531696, Ullyotts, 01377 253456, Chris Cockwill MRICS, Partners, 0191 2517878, www.esurv.co.uk, [email protected] Southport, Cockwill & Co, www.brannen-partners.co.uk, [email protected] 01704 827075, shaun.brannen@brannen- Peter Mawer FRICS, www.cockwill.co.uk, partners.co.uk David J Martindale MRICS, Bridlington, Cranswicks, [email protected] Wakefield, FSL Estate [email protected] Neil Foster Bsc Hons Mrics, Agents, Derek Coates MRICS, Newcastle Upon Tyne, Foster [email protected] Peter Shield FRICS, Sheffield, Liverpool, Venmores, 0151 Maddison, Shield Estates UK LImited, 236 0301, venmores.co.uk, [email protected] David Pank FRICS, Leeds, 0114 2571000, [email protected] o.uk Manning Stainton, [email protected]. [email protected] com Ed Goodwin, Northwich, Paul Airey MRICS, Wright Marshall, 01606 Sunderland, Paul Airey, Ian Adams MRICS, Kingston Philip S Mills, Bedale, Norman 41318, 01915145777, Upon Hull, Metropolis F Brown, 01677 422282, [email protected]. Www.paulairey.co.uk, Surveyors, 07703329933, www.normanfbrown.co.uk, uk [email protected] Metropolis@Metropolis- [email protected] surveyors.com, Ian Macklin FRICS, Hale Hale Paul McSkimmings BSc [email protected] Richard J Graves, Bridlington, Barns Timperley, Ian Macklin MRICS, Newcastle Upon D. Dunk, Lewis & Graves, & Company, 0161 980 8011, Tyne, Edward Watson Ian Briggs FRICS, Ilkley, 01262 672576, ianmacklin.com, Associates, 01207 588268 Dacre, Son & Hartley, 01943 [email protected] [email protected] 600655 m Richard Henderson BSc John Halman FRICS, (Hons) MRICS FAAV, County J Reeves FRICS, York, Richard Smailes, Harrogate, Wilmslow, Gascoigne Durham, Addisons Chartered Helmsey Group Ltd, 01904 FSS, Halman, Surveyors, 682800, john- richard.smailes@fss4property [email protected] Richard.henderson@addison [email protected] .co.uk o.uk s-surveyors.co.uk James Brown MRICS, Richard Storry BSc MRICS, John Robinson, Congleton, Richard Mordain MRICS, Richmond, Norman F Brown, Stokesley, Lithgow Sons & whittaker & biggs, Newcastle, Capita, normanfbrown.co.uk, Partners, 01642 710158 [email protected] [email protected] [email protected] k

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rics.org/economics Surveyor contact details

John Williams FRICS MEWI, David Hawke FRICS, Rebecca Bulmer assocRICS, Colin Townsend, Malvern, Wirral, Brennan Ayre O'Neill, Worksop, David Hawke & Co., Nottingham, Bulmer Estates John Goodwin, 01684 0151 343 9060, www.b-a- 01909 531450 Ltd, 0115 969 6111, 892809, o.com, [email protected] bulmerestates.co.uk, www.johngoodwin.co.uk, Dean Wood, East Midlands, [email protected] [email protected] M.G.Fell FRICS, Birkenhead, Sonas Surveyors., 01332 k T.H.Woodhouse, 0151 608 693106, Dean Taylor MRICS, 9776, thwoodhouse.co.uk, dean.wood@sonassurveyors. Robert Bell FRICS, Harborne, Fishers, 0121 [email protected] co.uk Horncastle, Robert Bell & 4281000, www.fishers.co.uk, Company, 01507522222, [email protected] Michael Henry MRICS, Graham Freckelton FRICS, www.robert-bell.org, Preston, Applethwaite Ltd, Loughborough, Freckeltons, alastairboulton@robert- Ian Bullock MRICS, [email protected] 01509 214564, bell.org Birmingham, Carpenter www.freckeltons.com, Surveyors Ltd, 0845 644 Robert Tilley, Manchester, P3 [email protected] Simon Bentley MRICS, 6691, www.carpenter- Property, Lincoln, Mundys Property surveyors.com, [email protected] Ian J Shaw FRICS, Services LLP, 01522 510044, ian.bullock@carpenter- Grantham, Escritt Barrell www.mundys.net, surveyors.com Sophia Goldsmith, Blackburn, Golding, simon.bentley@mundys- Entwistle Green Lettings, www.ebgproperty.co.uk, uk.com Jayne Tart, West Midlands, 01254662466, [email protected] Balfours LLP, 01743 277069 sophia.goldsmith@countrywid Simon Perkins MRICS, e.co.uk J A Elkington MARLA, Nottingham, PWR Lettings, Jeremy John Dell MRICS, Lincoln, H E Lettings, 01522 01159264500, Oswestry, J J Dell & Co, Stephen Farnsworth MRICS, 698899 [email protected] 01691 653437, Greater Manchester, www.jjdell.co.uk, [email protected] John Chappell MRICS, Stephen Gadsby BSc FRICS [email protected] Skegness, Property Office, FSVA, Derby, Gadsby East Midlands 01754 763520 Nichols, 01332 296396 John Andrews FRICS IRRV, Bridgnorth / Stourport / Adrian Loak, Wellingborough, John Midgley MRICS, Bath, Stephen Jeffery FRICS, Bewdley, Doolittle & Dalley, Peachey Loak, 01933 Touchstone CPS, Derby, Jeffery Jones, 01332 01562 821600 403233, peacheyloak.com, matthew.smith@touchstonecp 200388, [email protected] s.com www.jefferyjones.co.uk, John Doolittle FRICS IRRV, m [email protected] Kidderminster, Doolittle & Lisa Whitton, Sleaford, Escritt Dalley, 01562 821600 Anthony Pascual, BSc (Hons) Barrell Golding, 01529 Stephen King FRICS, Market MRICS, Leicester, Spencers, 302271 Harborough, KingWest, John Ozwell FRICS, Solihull, 01162 855455, 01858435970, Hunters, 01564 771000 www.spencers.co.uk, Marie Shaw, Chesterfield, www.kingwest.co.uk, anthony.pascual@spencersco Wilkins Hamond, 01246 [email protected] Linda Daniel, Nuneaton, untrywide.co.uk 232853 Cartwright Hands, 02476 Will Ravenhill MNAEA 350700, Cartwright Hands, Ben MacIntyre MRICS, Martin Pendered FRICS, MARLA, Leicester, Readings [email protected] Brackley, Macintyers Ltd, Wellingborough, Martin Property Group Ltd, 0116 01280 701001, Pendered & Co Ltd, 01933 2227575, Lucy Roberts FARLA, [email protected] 228822, www.readingspropertygroup.c Birmingham, Pennycuick www.martinpendered.co.uk, om, Collins, 01216654150, C T Bletsoe FRICS, mpendered@martinpendered. wravenhill@readingsproperty www.pennycuick.co.uk, Thrapston, Henry H Bletsoe & co.uk group.com [email protected] Son, 01832 732188 k Neil Hunt FRICS, West Midlands Catherine Pearce MRICS, Chesterfield, Wilkins Vardy Mike Arthan FRICS, Newark, EMPM Ltd, 01636 Residential Limited, 01246 Adam Baker MRICS, Market Shropshire, Barbers, 612002, www.empm.co.uk, 270123, www.wilkins- Drayton, Shepherd Surveyors, m.arthan@barbers- [email protected] vardy.co.uk, neil@wilkins- [email protected] online.co.uk vardy.co.uk Charles Ball MRICS, Buxton/ Adrian Powell FRICS, Richard Franklin BSc (Hons) Ashbourne, Bury & Hilton, Nigel Paterson FRICS, Bromgrove, A Victor Powell, MRICS, Tenbury Wells, 01538 383344 Lincolnshire, Estate Agents 01527 832222 Franklin Gallimore, 01584 Lincolnshire, 01754882333, 810436, Charlotte Crosby, Melton www.estateagentslincolnshire. Andrew Oulsnam MRICS, [email protected]. Mowbray, Shoulers & Son, co.uk, Barnt Green, Barnt Green, uk 01664 410166 nigel@estateagentslincolnshir [email protected] e.co.uk Ryan Williams, Hay-On-Wye, Chris Charlton BSC FRICS, Andrew Pearce, McCartneys LLP, Nottingham, Savills, Peter Woodthorpe MRICS, Wolverhampton, Millennium [email protected] 01159348020, Leicester, Readings Propety Properties Ltd, 01902 836036, WWW.SAVILLS.COM, Group Ltd, 0116 204 6157 [email protected] Stephanie Doolittle MRICS, [email protected] om Worcester, Halls (Midlands) Rachel Gascoine FRICS, LLP, 01905 611066, Christopher Shallice FRICS Southwell, Gascoines, Charles Ball MRICS, Leek, www.hallsgb.com, FAAV, Holbeach, Hix & Son, 01636813245, Bury & Hilton, 01538 383344 stephanie.doolittle@hallsworc 01406 422777 www.gascoines.co, ester.com [email protected] o

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rics.org/economics Surveyor contact details

Stephen Barber, Stafford, Richard G Allen FRICS, David M Lambley, South West Jim Collins MRICS, Stansted, Countrywide Residential Wisbech, Maxey Grounds & Hampshire, Longdown Collins Homes Ltd, Lettings, 01785 212112 Co LLP, 01945 583123, Management Ltd, 023 8029 [email protected] www.maxeygrounds.co.uk, 2107, .uk Stephen Smith MRICS, [email protected] [email protected] Walsall, Fraser Wood, 01922 m John Frost MRICS, 629000 Robert Swiney MRICS, Bury Amersham / Ashford / St Edmunds, Lacy Scott and David Nesbit FRICS, Beaconsfield / Burnham / Thomas Wyn Jones FRICS, Knight, 01284 748600 Portsmouth, D.M.Nesbit & Gerrards Cross / Staines / Church Stretton, McCartneys, Company, 023 9286 4321, Windsor, The Frost 01694 722288 Roland Mecklenburgh FRICS, www.nesbits.co.uk, Partnership, 01494 680909, Watford, Lawton Prior & [email protected] frostweb.co.uk, Trudi M Webber BSc (Hons) Mecklenburgh, 01923 255888 beaconsfield@frostsurveyors. Estate Management, Henley- David R Robinson MRICS, co.uk In-Arden, John Earle LLP, Tim Fagan, Ipswich, Strutt Westerham, Karrison 01564 794343, and Parker, 01473 220444 Property, 01959 563888, John Woolley, Romsey / www.johnearle.co.uk, karrison.co.uk, Fordingbridge / Lymington / [email protected] Tom Goodley MRICS, [email protected]. Rongwood, Woolley & Wallis, Norfolk, Strutt & Parker, uk 01722 424524, www.w- East Anglia 01603617431, , w.co.uk, [email protected] tom.goodley@struttandparker Denise Earwicker, Adrian Davey MRICS MCIH .com Buckingham, Touchstone Jon Clark, Oxford, MCMI, Cambridge, Residential, Touchstone Touchstone, Cambridge and County W J Hartnell FRICS, 01280822535, jon.clark@touchstonecps Developments, Ingatestone, Simon Matthew denise.earwicker@touchstone www.candcd.co.uk, & Co., 01277 355255 cps.com Jonathan Bastable BSc [email protected] MRICS, Newbury, Strutt & South East Edward Rook MRICS, Parker, 01635 521707 Alan Williams, Colchester, Sevenoaks, Knight Frank, Fenn Wright, 01206 216551, Anthony Jamieson MRICS, [email protected] Mark Eshelby MRICS, www.fennwright.co.uk, Guildford, Clarke Gammon m Dorking, Latchmere, [email protected] Wellers, 01483 880905 mark@latchmere- Hugh Tucknott, Brighton & proeprties.co.uk Andrew Tucker MARLA, Ashley Taylor, Kings Lynn, Hove, Parsons Son & Basley, Cambridge, Bidwells, 01223 Abbotts, 01273 326171, Martin Allen MRICS, 841842, www.bidwells.co.uk, [email protected] www.psandb.co.uk, Wingham, Canterbury, Elgars, [email protected] .uk [email protected] 01227 720557, k www.elgars.uk.com, Bruce Shaw MRICS, Ian Perry FRICS, Faringdon/ [email protected] Andrew Wagstaff, Burnham Leatherhead, Patrick Gardner, Wantage/ Shrivenham / Market, North Norfolk, 01372 360078, Highworth/ Witney, Perry Martin Seymour BSc FRICS, Bedfords, 01328 730500, [email protected] Bishop and Chambers, 01285 Reigate, Crow Watkin, 01737 www.bedfords.co.uk, om 655355, www.perrybishopand 245886 [email protected] chambers, C Rutland FRICS 0033389, .uk [email protected] Matthew Neilson MRICS, Southampton, Rutland Woodstock, Blenheim Palace, David Burr MRICS, Long Chartered Surveyors, 023 Jan Gurr, Ashford, [email protected] Melford, David Burr (Long 8066 3451, rutland- MannCountrywide, m Melford) Ltd., 01787 883144 surveyors.co.uk 01233622212, surveyorlymington.co.uk, [email protected] Mike Hewson FRICS, Jan Hytch FRICS, Norwich, crutland@rutland- .uk Lingfield, Howard Cundey, Arnolds, 01603 620551 surveyors.co.uk 01342 833333, Jeremy Q Fisher, www.howardcundey.com, Jeffrey Hazel FRICS, Kings Chris Gooch MRICS, Beaconsfield / Feltham / mikehewson@howardcundey. Lynn, Geoffrey Collins & Co., Winchester, Cater Jonas, Gerrards Cross / Langley / com 01553 774135 01962842742, Staines / Windsor, The Frost [email protected] Partnership, 07776 297202, Natalie Meech, Oxford, Nicholas Rudge FRICS k www.frostweb.co.uk, Countrywide Residential FAAV, Beccles, Durrants, [email protected]. Lettings, 01865 477059 01502 712122 Chris Hunt MRICS, Dorking, uk Hunt Scott, chris@hunt- Nick Bramley MRICS, Nigel Steele FRICS, Norwich, scott.co.uk 297202, www.frostweb.co.uk, Canterbury, Strutt & Parker Jackson-Stops & Staff, 01603 [email protected]. LLP, 01227 473715, , 612333, www,jackson- Chris Shelton Marla, uk nick.bramley@struttandparker stops.co.uk, Basingstoke, Gascoigne .com nigel.steele@jackson- Pees, Jeremy Q Fisher, Staines, stops.co.uk [email protected] The Frost Partnership, 07776 Nigel Sloper MSc MRICS, 297202, www.frostweb.co.uk, Portsmouth, Finance Planning Richard Bannister MRICS, Christopher Beadle, Billericay, [email protected]. Surveying Services Ltd, , , Felixstowe, Bannisters, 01394 Essex, Bairstoweves, uk nigel.sloper@financeplanning. 282828, 01277633044, co.uk www.bannisterco.com, [email protected] Jessica Moynan, Worthing, [email protected] Countrywide Residential Peter Gunby, Ilford, B Bailey

Lettings, 01903 232111 & Co Ltd, 0208 5324150, [email protected]

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rics.org/economics Surveyor contact details

Peter T Foster FRICS, Grays, William Leschallas MRICS, Jeff Cole MRICS, Philip Muzzlewhite FRICS, Porter Glenny, 01375 374 444 Burford, Jackson-Stops & Wadebridge, Cole Rayment & Exeter, Whitton & Laing, Staff, 01993 822661, jacskon- White, 01208813595, 01392 259395 Philip Hiatt mrics, East stops.co.ukwilliam.leschallas www.crw.co.uk, Grinstead, Your Move Philip @jackson-stops.co.uk [email protected] Richard Addington MRICS, Hiatt, 01342 321142, Exeter, Savills, 01395 www.your-move.co.uk/ Yvonne Cox, Heathfield, John Corben FRICS FCIArb, 455755, www.savills.com, eastgrinstead, Freeman Forman Letting, Swanage, Corbens, 01929 [email protected] [email protected] 01435862766, 422284, corbens.co.uk, [email protected] [email protected] Robert Cooney FRICS, Rebecca Overton, Newport Taunton, Robert Cooney Pagnell, Michael Graham South West John Woolley, Salisbury, Chartered Surveyors & Estate Lettings, 01908 218850, Woolley & Wallis, 01722 Agents, 01823 230230, Anita England Marla MAPIP, 424524, www.w-w.co.uk, robertcooney.co.uk, Rob Wightman MRICS, Wiltshire, Chappell and [email protected] robert.cooney@robertcooney. Hungerford, Knight Frank, Matthews, 01249 464400, co.uk [email protected] anita.england@chappellandm Karen Bell, Warminster, m atthews.co.uk Cooper & Tanner, 01985 Robert Williams MRICS, 219188 Exeter, Robert Williams, Robert Green MRICS, Charles Abnett FRICS, 01392 204800 Lymington, John D Wood & Salisbury, Myddelton & Major, Lloyd Smale FRICS, Exeter, Co., 020 7352 1484 01722 337575, Drew Pearce, 01392201748, Robert W House FRICS, myddeltonmajor.co.uk, www.drewpearce.co.uk, Trowbridge And Melksham, Robert Sumner BSc FRICS, paulcadge@myddeltonmajor. [email protected] Kavanaghs, 01225 341504, Tunbridge Wells, Sumner co.uk www.kavanaghs.co.uk, Pridham, Luke Pender-Cudlip MRICS, [email protected] [email protected] David J Dark FRICS, Sherborne, Knight Frank, k Bideford, Seldons Estate [email protected] Roderick Baker FRICS, Agents, 01237477997, Rupert Geering AssocRICS, Folkestone, Fell Reynolds, www.seldons.co.uk, Mark Annett FRICS, Chipping Crediton, Devon Sales and 01303 850125 ddark@seldonsestateagents. Campden, Mark Annett & Lettings, , co.uk Company, 01386 841622 www.dsalproperty.com, Russell Gooden, Teddington, [email protected] Jackson Stops, David McKillop FRICS, Mark Lewis FRICS, russellgooden@jackson- Salisbury, McKillop and Sturminster Newton Dorset, Sonia Matthews FARLA stops.com Gregory, 01722 414747, Symonds and Sampson, MNAEA MAPIP, Taunton, [email protected] 01258 473766, Greenslade Taylor Hunt, S B B Askaroff BSc (Hons) k symondsandsampson.co.uk, 01823 337722, www.gth.net, MRICS, Eastbourne, mlewis@symondsandsampso [email protected] Estatewise, 01323 412010 Euan Woodman, Bath, Carter n.co.uk Jonas, Stephen Morris MRICS, Simon Deacon FRICS, euan.woodman@carterjonas. Martin Taylor MRICS, Bristol & Bath, Davies & Way, Southend-On-Sea, Wheeldon co.uk Gloucestershire, Gooch & 01225 400400, & Deacon, 01702 344621 Burley Ltd., 01531 822777 daviesandway.com, Graham Merrett, MRICS, stephenmorris@daviesandwa Stuart Gray MRICS FAAV, St Bath, Crisp Cowley, 01225 Michael Dukes MRICS, y.com Albans, Sturtt & Parker LLP, 789333, Taunton, Greenslade Taylor 01727 840285, www.crispcowley.co.uk, Hunt, 01823 277121, Tim Maggs MRICS, Bristol, www.struttandparker.com, grahammerrett@crispcowley. www.gth.net, Maggs & Allen, 01179734049, [email protected] co.uk [email protected] maggsandallen.co.uk, om [email protected] Graham Thorne FRICS OF Miles FRICS, Swanage, Sylvia Stone MRICS, Dorking, FCIOB, East Dorset, Thornes Oliver Miles, 01929 426655, William Morrison, Exeter, White and Sons, Chartered Surveyors, 01202 www.olivermiles.co.uk, Knight Frank, [email protected] 684004, www.thornes.org.uk, [email protected] william.morrison@knightfrank. o.uk [email protected] com Paul Oughton MARLA, Tom White MIRCS, Saffron Hannah Prosser, Taunton, Cirencester And Cotswolds, Wales Walden, Audley End Estate, Hallam & Co., 01823 324344 Moore Allen & Innocent LLP, [email protected] 01285 651831, Andrew Morgan FRICS, o.uk Ian Perry FRICS, Cheltenham www.mooreallen.co.uk, Ceredigion, Morgan & Davies, Cirencester Nailsworth [email protected]. 01570 423623 W J Hartnell FRICS, Tetbury Stroud, Perry bishop uk Ingatestone, Simon Matthew and Chambers, 01285 Annmarie, Cardiff Bay, MGY, & Co., 01277 355255 655355, Peter Olivey MRICS, 02929475191, www.perrybishop.co.uk, Padstow, Cole Rayment and www.mgy.co.uk, Will Peppitt MRICS, [email protected] White, 01841 533386, [email protected] Cranbrook, Savills, www.crw.co.uk, [email protected] James Wilson MRICS, [email protected] Anthony Filice FRICS, Cardiff, Shaftesbury, Jackson - Stops Kelvin Francis, 02920766538, William Bell MRICS, Lewes, and Staff, 01747 850858, Peter Sinclair MSc MRICS, www.kelvinfrancis.com, Strutt and Parker, www.jackson-stops.co.uk, Cheltenham, Gloucester And [email protected] [email protected] james.wilson@jackson- The Cotswolds, Connells om stops.co.uk Survey and Valuation Ltd, , , Dafydd Hardy MRICS, [email protected] Bangor, Dafydd Hardy Y Gwerthwyr Tai, 01248 371212

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rics.org/economics Surveyor contact details

Dale James MARLA, Roger Davies MRICS, Jemilla Divito, London, Stephen Birtwistle MRICS, Swansea, Clee Tompkinson Cardigan, J J Morris, 01239 Cluttons, London, Daniel Watney, and Francis, 01792469579, , 612 343 [email protected] [email protected] [email protected] k Simon Edwards IRRV (Hons) Jeremy Leaf FRICS, Finchley, David E Baker FRICS, MRICS, Brecon, McCartneys, Jeremy Leaf & Co, Tim Sworn MRICS, London, Penarth, David Baker Co Ltd., 01874 610990 [email protected] Sworn & Co, 02920 702622 [email protected] London John Collard MRICS, David James FRICS, Brecon, Wimbledon, Robert Holmes & Tom Griffin, London- Tower James Dean, 01874 624757, A How FRICS, London, Davis Co, 0208 879 9669, Bridge, Cluttons, jamesdean4property.co.uk, Brown, ehow@davis- www.robertholmes.co.uk, 02074073669, brecon@jamesdean4property brown.co.uk [email protected] [email protected] .co.uk Alastair Iles MRICS, London, John King FRICS, Wallace Jaffray, Blackheath David Owen Evans FRICS, Iles Property, 02072354555, Wimbledon / Merton, Andrew London, Cluttons, Rhayader, Clare Evans & Co, [email protected] Scott Robertson, 020 8971 [email protected] 01597 810457, 4990 clareevansandco.co.uk, Alastair Mason FRICS, Scotland clare.evans@clareevansandc Hackney, Bunch & Duke, 020 Keith Barnfield FRICS, o.co.uk 8986 3521, Enfield, Barnfields, 020 8363 Adrian Stott MRICS, Lothians, [email protected] 3394 J and E Shepherd, DH Martin FRICS, Cwmbran, m 01316533456, Newland Rennie, 01633 Kevin Ryan FRICS, Mayfair, www.shepherd.co.uk, 868341, newlandrennie.com, Anthony Lee MRICS, London, Carter Jonas LLP, [email protected] [email protected] BNP Paribas Real Estate, [email protected] m [email protected] Alasdair J Cameron, BSc Lauren Elliott, London (Hons) MRICS, Ayr, Graham DH Martin FRICS, Newport, Benjamin Mire FRICS, Belgravia, Cluttons, & Sibbald, acameron@g- Newland Rennie, 01633 London Nw9, Trust Property [email protected] s.co.uk 221441, newlandrennie.com, Management Limited, [email protected] 03452601515, Lee O'Neill, Wapping, Alasdair J Hayworth FRICS, m www.trustplc.com, Cluttons, 0207 488 4858, Glasgow, Walker Fraser [email protected] www.cluttons.com, Steele, 01412210442, Gile Birt MRICS, Tenby, Birt [email protected] www.walkerfrasersteele.co.uk and Co, 01834842204, Brendon Thomas MRICS, alasdair.hayworth@walkerfras www.charlesbirt.co.uk, Tower Michael Pollard FRICS, ersteele.co.uk [email protected] Hamlets,Hackney,City,Newha Bexley, Pollards, 01322 m, Maitlands Acorn 559990 Alexander Inglis MRICS, Jayne Tart, Wales, Balfours Professional Ltd, Scottish Borders, CKD LLP, 01743 277069 07823777900, Neil Moore, Wapping, Galbraith, 01573 224 244, [email protected] London, Cluttons, 020 7488 www.ckdgalbraith.co.uk, Joanne White, Cardiff, Seel 4858, www.cluttons.com, [email protected] and Co Limited, 029 Catherine Eastwood, London, [email protected] k 20370100, Touchstone, www.seelandco.com, catherine.eastwood@touchst P Sheehan, London, Cluttons, Carolyn Davies, Dumfries, [email protected] onecps.com [email protected] GM Thomson & Co, 01387 m 254424, Jon Clark, Bath, Touchstone, Chariton Symeou MRICS, www.gmthomson.co.uk, 01225 838 425, Islington, Hanley Estates LTD, Peter Boros FRICS, Henley [email protected] www.touchstonecps.com, 02075615502, On Thames, Boros CRE Ltd, o.uk [email protected] www.hanleyestates.com, [email protected] [email protected] Chris Highton FRICS, Julian Dyer FRICS, Peter Rollings FRICS, Edinburgh, Lothians And Abergavenny, Julian Dyer & Charles Puxley, Chelsea, London, Marsh & Parsons, , Borders, Allied Surveyors Co, Jackson-Stops & Staff, 020 www.marshandparsons.co.uk, Scotland plc, 0131 455 7070, [email protected] 7581 5881 prollings@marshandparsons. Www.alliedscotland.com, co.uk Chris.highton@alliedsurveyor Nigel Jones FRICS, Chris Morris FARLA, London - sscotland.com Carmarthen, John Francis, Islington, Cluttons LLP, Robert Green MRICS, NW 01267 221554, [email protected] London / Fulham / Battersea / Craig Henderson MRICS, www.johnfrancis.co.uk, Kensington & Holland Park / Glasgow And West Scotland, [email protected] Christopher Greenn FRICS, Chelsea, John D Wood & Co., Graham & Sibbald, 0141 332 London, Curzon Land, 020 020 7352 1484, ., . 1194, www.g-s.co.uk, Paul Lucas Bsc FRICS, 7720 6800, [email protected] Haverfordwest, R.K.Lucas & [email protected] Sally Livermore MARLA, Son, 01437 762538, Blackheath, Cluttons, Fraser Crichton. MRICS, [email protected], James Gubbins MRICS, [email protected] Edinburgh, Dove Davies and [email protected] Pimlico, Dauntons, 020 7834 Partners, 0131 228 3999, 8000, www.dauntons.co.uk, Simon Aldous MRICS, www.dovedavies.com, Richard Ormond FRICS, [email protected] London, Savills, 020 7016 [email protected] Pembroke, Guy Thomas & co 3861, www.savills.com, LLP, 01646 682342, Jeffrey Doble MRICS, [email protected] Gavin Miller MRICS, Stirling, www.guythomas.com, Twickenham, Thamesview Graham and Sibbald, 01786 [email protected] (incl. Dexters Estate Agents), 463111, www.g-s.co.uk, 020 8614 1228 [email protected]

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rics.org/economics Surveyor contact details

Gordon Macdonald FRICS, www.knightfrank.com, William Murphy MRICS, Norman Russell MRICS, Aberdeen/Aberdeenshire, [email protected] Edinburgh, Cruden Homes Newtownards, Russell Allied Surveyors Scotland, m (East) Ltd, 0131 442 5785, Brothers, 028 9181 2145 01224 571163, [email protected] gordon.macdonald@alliedsur Lindsay S Duguid BSc FRics, k Paul Birt MRICS, Magherafelt, veyorsscotland.com Edinburgh, McNeill Maguire & Paul Birt Estate Agents, 028 McCreath, 0131 226 6518, Northern Ireland 7930 1116, Graham Tonner, Dundee, www.mmmcs.co.uk, www.paulbirt.co.uk, Graham + Sibbald, [email protected] Aidan Conway MRICS, [email protected] 01382200064, www.g-s.co.uk, Londonderry, Andrews [email protected] Martin Douglas BSc(Hons) Chartered Surveyors, Robert Pollock FRICS, MRICS, Hamilton, Graham + 02871263635, Omagh, POLLOCK RICS, Greg Davidson MRICS, Perth, Sibbald, 01698422500, www.andrewscharteredSurve [email protected] Graham + Sibbald, 01738 www.g-s.co.uk, mdouglas@g- yors.com, m 445733, www.g-s.co.uk, s.co.uk [email protected] [email protected] Samuel Dickey MRICS, Michael Jones MRICS, Rural Alan Russell MRICS, Belfast, Samuel Dickey Estate Hugh Jones, Galashiels, Scotland, Knight Frank, Newtownards, Russell Agents, 02890652211, Edwin Thompson, 01896 01312229600, Brothers, www.samueldickey.com, 751300 [email protected] [email protected] [email protected] m Iain Swayne BSc FRICS, Andrew Smyth, Belfast, Stephen Henry BSc Hons Kinross, D M Hall, 01383 Neil Woodhead FRICS, Macfarlane and Smyth, IAVI AssocRICS, Dungannon, 621262 Renfrewshire, Castle Estates, 02890325888, Tom Henry & Co, 01475784781, www.castle- macfarlanesmyth.com, 02887726992, Ian Morton BSc (Hons) MLE estates.co, neil@castle- andrew.smyth@macfarlanes www.tomhenryandco.com, MRICS, St Andrews, estates.co myth.com [email protected] Bradburne & Co., 01334 479 m 479 Paul Taylor MRICS, Dundee, Bronagh Boyd MRICS, J&E Shepherd, 01382200454, Newry, Digney Boyd, Stephen Reid MRICS, Belfast, Ian Swayne BSc FRICS, www.shepherd.co.uk, 02830833233, GOC Estate Agents Limited, Dunfermline And Environs, D [email protected] [email protected], [email protected] M Hall, 01383 621262 [email protected] m Peter McEachran FRICS, Jamie Watson MRICS, Elgin, Paisley, Graham + Sibbald, Daniel Henry MRICS, Terry Finlay MRICS, Smiths Gore, 01343 823000, 0141 889 3251, www.g- Coleraine, Bensons, Enniskillen, Montgomery www.smithsgore.co.uk, s.co.uk, peter.mceachran@g- [email protected] Finlay & Co., 028 6632 4485, [email protected]. s.co.uk www.montgomeryfinlay.com, uk Gareth Gibson FRICS, montgomeryfinlayandco@hot Robbie Buchanan MRICS, Belfast, Douglas HUston LLP, mail.com John Gell MRICS, Inverness, Kirkcaldy, Graham + Sibbald, 02890683711, Simply Let, 01592 266211, www.g- [email protected] Thomas G Henry MRICS, [email protected] s.co.uk, rbuchanan@g- om Dungannon, Tom Henry & Co, s.co.uk 02887726992, John Midgley, Scotland, Harry Clarke FRICS, www.tomhenryandco.com, Touchstone CPS, Ronald Smith MRICS, Ballymena Area, Harry Clarke [email protected] matthew.smith@touchstonecp Cumbernauld, J&E Shepherd, & Co, 02825648829, s.com 01236780000, www.harryclarke.co.uk, William Butcher MRICS, Www.shepherd.co.uk, [email protected] Portstewart, Liam Butcher. Jonathan Gordon FRICS, [email protected] Chartered Surveyor - Estate Edinburgh, Clan Gordon k Joanne Glover MRICS, Agent., 07423 457240, Limited, 0131 555 4444, County Down, Alexander Reid [email protected] www.clangordon.co.uk, Rory Ballantyne MRICS, & Frazer, 02844619966, [email protected] Edinburgh, Ballantynes, www.alexanderreidfrazer.com 01314592222, [email protected] Kevin Hay BSc MRICS, Ayr, www.ballantynes.uk.com, om Allied Surveyors, 01292 [email protected] 265381 Joseph McGeehan MRICS, Sabrina Mischok, Galashiels, Belfast, McGeehan Chartered Kevin I Angus, Aberdeen, J & Edwin Thompson LLP, 01896 Surveyors & Estate Agents, E Shepherd, 01224 202800, 751300, 02890701424, www.shepherd.co.uk, www.edwinthompson.co.uk, www.mcgeehan.co.uk, [email protected] s.mischok@edwin- [email protected] thompson.co.uk Kevin MacDonald, Inverness, Keith Lamont MRICS, Belfast, Graham + Sibbald, 01463 Thomas Baird MRICS RICS TDK Commercial Property 236977, www.g-s.co.uk, Registered Valuer, Glasgow, Consultants, [email protected] Select Surveyors Ltd, 0141- [email protected] 632-6589, m Kevin Murchie BLE MRICS, www.selectsurveyors.co.uk, Edinburgh, Graham + thomasbaird@selectsurveyors Martin Bradley MRICS, Sibbald, KMURCHIE@G- .co.uk Warrenpoint/Newry, P.J. S.CO .UK Bradley Property Services, 028 4177 3777, Kirsten Stuart MRICS, www.pjbradleyonline.com, Edinburgh, Knight Frank, [email protected] 0131 222 9600,

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rics.org/economics Other information

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rics.org/economics