e.surv Chartered Surveyors

“Our data shows an improving picture for the market in England and Wales and one that we expect to further improve over the coming months. In June, the average sale price of a home in England and Wales climbed by nearly £1,500 (0.4%) to £360,175. This is the strongest performance for nearly a year. Going forward, in light of the Labour win, we should see further improvements in buyer sentiment as the government sets out to deliver on its manifesto pledges. These are ambitious and will take time but include creating a number of New Towns, rethinking the green belt, mandatory targets for Local Authorities, a Freedom to Buy Scheme, and a pledge to lower the stamp duty threshold for first-time buyers in April 2025.”- comments Richard Sexton, Business Development Director. Read more in the latest edition of the England and Wales House Price Index here: https://lnkd.in/eQVDS-VC.

We are delighted to announce that we were commended for "Best Surveying Service" at the #MoneyfactsAwards2024! Pictured are Sue Gardiner, Strategic Relationship Manager and Mark Goodfellow, Product Manager at the ceremony. Congratulations to all colleagues who contributed to this success, which is everyone!

We’re delighted to announce that James Ginley, Director of Technical Surveying, will join the RICS Residental Property Conference 2024 on 10th July as a guest speaker to provide an update on Professional Indemnity Insurance. Perfectly positioned following the upcoming election, this year’s Residential Property conference offers a thrilling opportunity to bring the sector together and reflect on the outcome of the General Election. The conference will include thought-provoking panel discussions and plenary sessions addressing technical updates and key challenges facing the sector. Don’t miss out! Click here to book your place: https://lnkd.in/ef8MdkEc.

In this month’s Green Watch, Corrina Jones MRICS discusses some of the green pledges made by the main political parties ahead of the general election on 4th July and reviews industry responses. Several environmental organisations have stressed that this election could either ‘make or break’ the UK’s net-zero future. We also look at just how important the environment and climate change are to voters.   Just how hot is it? The average temperature last month was 1.52C above the pre-industrial average and the UN’s World Meteorological Organization (WMO) predicted there is an 80 percent chance that average global temperatures will surpass the 1.5C target laid out in the landmark 2015 Paris Agreement within the next five years. This will increase climate risk which the Climate Change Committee and the National Infrastructure Commission has stated we are not prepared for.   Is it time to turn our cities into sponge cities?   Read more in the latest edition of Green Watch here: https://lnkd.in/es36XCSm

“This month, the average sale price of a home in England and Wales in May fell by just over £600 (0.2%) to £356,014 which is about £12,000, or 3.3%, lower than a year ago. Prices are now £23,000 (6.1%) below the peak reached in October 2022, but they still remain some £40,000 (13%) higher than at the start of the pandemic in March 2020. A real north south divide has opened up. London, the South East, and East of England are the regions with the weakest price trends and continue to struggle, reflecting the much higher house price levels, affordability challenges and greater reliance on mortgage finance in these regions - factors that really impact first-time buyers whose prospects of buying have been facing headwinds for years now” - comments Richard Sexton, Business Development Director. Read more in the latest edition of the England and Wales House Price Index here: https://lnkd.in/epPyDiyE

In this month’s Green Watch, Corrina Jones MRICS discusses whether Solar PV adds value to a home and e.surv’s Gary McCrum discusses whether solar panels are worth the investment.   The government has finally made moves to introduce much needed consumer protection for heat network customers, but hydrogen heating trials have faltered. There is also a lot going on in the retrofit space, #Santander has released a new report ‘Tomorrow’s Homes’ and is calling on the government to do more to help homeowners and renters upgrade the energy efficiency of their properties and reduce their energy bills. This will be an uphill battle as according to Which?, only 36% of homeowners know what their EPC rating is!   The RICS are also offering a free-to-attend webinar on the new RICS Retrofit standard which has been scheduled for 4th June, 14:00-15:00, with Paul Bagust, Larry Russen, Antony Parkinson and Dr Rokia Raslan as the speakers.   We also hear from e.surv’s in-house solicitor Catherine Burtinshaw, who discusses her view on the current spate of climate legal action.   Read more in the latest edition of Green Watch here: https://lnkd.in/ewT6UmJh

“Our index points to a fragile recovery this month. The average sale price of completed home transactions using cash and/or mortgages in England and Wales rose by a meagre £127 to £359,154. This means that the average sale price in April is £18,920 lower, or 5%, below the peak reached in October 2022, but crucially some £43,750 - or 13.9% - higher than at the start of the pandemic in March 2020, over 4 years ago." comments Richard Sexton, Business Development Director. Read more in the latest edition of the England and Wales House Price Index here: https://lnkd.in/eTp5wqCc

In this month’s Green Watch, Corrina Jones MRICS puts a spotlight on driving action on retrofit in the ‘able to pay’ sector. Will the new RICS Residential Retrofit Standard (https://lnkd.in/ez6M95Zv) drive more activity, what are your thoughts? We have also been speaking to Heather Cara from Lloyds Banking Group about how they are looking to support brokers with reference to introducing the concept of retrofit early on in their conversations with landlord clients. LBG has launched its new BM Landlord Retrofit Tool which is now live on the BM Solutions broker website. Alexandra Hall, e.surv’s Surveying Quality Manager also gives us a run down on the New Build Heat Standard (NBHS) which comes into effect in Scotland in April. Charlie Phayer (e.surv’s Customer Care Director) gives his view on recent landslip events in coastal areas. It's also #EarthDay on the 22nd of April. This year’s theme is “Planet vs. Plastics” where we look at five ways you can participate at work and home. Read more in the latest edition of Green Watch here: https://lnkd.in/eTCSDxUv

“Our analysis this month shows that the average sale price of completed home transactions using cash and/or mortgages rose by a minor £200 - or 0.1% - to £361,368, and is now at a level first seen in February 2022. It is also evident that the average price has hovered around the £361,000 mark for the last four months. Our view is that the modest turn in fortune is in large part a result of solid wage growth and a belief that interest rates will ease over the coming months, and this is underpinning growing confidence.” – comments Richard Sexton, Business Development Director. Read more in the latest edition of the England and Wales House Price Index here: https://lnkd.in/e5VdnMJW

“Our analysis this month shows that the average sale price of completed home transactions using cash and/or mortgages rose by a minor £200 - or 0.1% - to £361,368, and is now at a level first seen in February 2022. It is also evident that the average price has hovered around the £361,000 mark for the last four months. Our view is that the modest turn in fortune is in large part a result of solid wage growth and a belief that interest rates will ease over the coming months, and this is underpinning growing confidence.” – comments Richard Sexton, Business Development Director. Read more in the latest edition of the England and Wales House Price Index here: https://lnkd.in/e5VdnMJW