Latest news for RICS 
Construction workloads turn positive for the first time in two years(24/05/2010)
According to the latest RICS survey of the industry, construction workloads turned positive for the first time in two years. Five percent more chartered surveyors reported rising rather than falling workloads for the first quarter of 2010. This compares with a net balance of 12 percent reporting falls in Q4 2009. This positive turnaround reverses a decline which has stretched for seven consecutive quarters and is the first time that the net ba... [more]
Amount of office space available to tenants in London has declined for the first time in two years(26/01/2010)
According to the RICS’ UK Commercial Property Survey, the amount of office space available to tenants in London declined for the first time in two years as the London economy started to lead the country out of recession. Demand for business property increased in the fourth quarter of 2009 with office space and industrial property proving particularly popular but demand for retail space continued to decline. Fourteen percent more chartered surv... [more]
Incoming work into the construction sector is now stabilising(19/01/2010)
According to the latest ONS data on new construction orders, orders in the three months to November 2009 rose by 1 per cent compared with the previous three month period. Orders in the 12 months to November 2009 fell by 14 per cent compared with the previous 12 months but orders in the three months to November 2009 rose by 4 per cent compared with the same period a year earlier. In the three months to November 2009, compared with the same period ... [more]
The construction sector may finally be emerging from a deep recession(08/12/2009)
The Statistical Bulletin brings together information on the output of the construction industry in Great Britain. According to the ONS Construction Output data for Q3 2009, the total volume of construction output in the third quarter of 2009 rose by 2 per cent compared with the second quarter of 2009. The rise in repair and maintenance of 10 per cent was off set by a fall in new work of 4 per cent. The total volume of construction output in the 1... [more]
Activity in the UK construction sector continued to fall in November(07/12/2009)
According to the November CIPS Construction survey, activity in the UK construction sector continued to fall in November, despite a modest rise in incoming new orders. However, the rate of contraction in activity eased to its slowest since August. Meanwhile, employment continued to fall sharply, although optimism over future business conditions was again recorded. The seasonally adjusted CIPS/Markit Construction Purchasing Managers’ Index (PMI... [more]
House prices continue to rise fuelled by lack of supply(16/11/2009)
According to the latest RICS UK housing market survey, house prices continue to rise despite an increase in the number of new instructions received by agents. The seasonally adjusted net balance of surveyors reporting rising rather than falling prices over the last three months jumped sharply higher to 34%, compared to 21% in September. The net balance of Chartered Surveyors reporting rises rather than falls in house prices reached a positive... [more]
The need for a wider industry approach to measuring value for money(10/11/2009)
John Dye, Commercial Director of TPS, has highlighted the need for a wider industry approach to measuring value for money in a presentation given at the 2009 RICS Construction and Building Research (COBRA) conference this autumn. Based on a paper co-produced with Yvonne Simpson of the University of Greenwich, entitled “Value for Money: A Quantity Surveyor’s Perspective of the Quantitative versus the Qualitative,” the presentation discussed the... [more]
Construction output could begin to grow in the third quarter(03/11/2009)
According to recent ONS data on new construction orders, orders in the three months to July 2009 rose by 2 per cent compared with the previous three month period. Orders in the 12 months to July 2009 fell 24 per cent compared with the previous 12 months but orders in the three months to July 2009 fell by 10 per cent compared with the same period a year earlier. Commenting on the data, RICS Chief economist Simon Rubinsohn says: "Construction or... [more]
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