Scotland, Northern Ireland Lead U.K. House Prices: RICS

The video discusses the UK housing market trends, focusing on the impact of stamp duty changes, surveyor optimism, and inventory levels. It explores the two-tier market structure, regional differences, and the effects of construction and planning changes. The potential impact of upcoming elections and interest rates on the market is also examined, with a focus on regional price increases in Scotland and Northern Ireland.

What was the lowest point for the house price gauge since May 2013 attributed to?

• A rise in interest rates

• A decline in buyer interest

• A property tax overhaul

• A decrease in housing supply

How did surveyors feel about the future of housing transactions after the stamp duty announcement?

• Pessimistic

• Neutral

• Optimistic

• Uncertain

What is the expected impact of the stamp duty change on house prices?

• No change in prices

• Increase in prices

• Decrease in prices

• Fluctuating prices

What percentage of home buyers are expected to benefit from the stamp duty change?

• 75%

• 98%

• 100%

• 50%

What has been identified as a long-term issue affecting the UK housing market?

• High interest rates

• Lack of supply

• Excessive demand

• Government regulations

How does the upcoming general election affect the housing market?

• Decreases buyer interest

• Increases buyer confidence

• Stabilizes prices

• Creates uncertainty

Which regions in the UK have seen the highest year-on-year house price increases?

• North East and North West

• Scotland and Northern Ireland

• London and South East

• Wales and Midlands