Home » News » Interest rate rise fears bearing down on sales market, surveyors say previous nextInterest rate rise fears bearing down on sales market, surveyors sayThe number of buyers in the market continues to decline for the sixth month in a row, says RICS.Nigel Lewis12th October 20170894 Views The number of home buyers has dropped for the sixth month in a row helped by jitters among buyers over a potential interest rate rise, the Royal Institution of Chartered Surveyors (RICS) has revealed.Its housing market survey for September found that the number of buyers dipped noticeably over the month with 20% more surveyors noting a fall in buyers than a rise in demand, and that London’s problems are beginning to spread out from the capital.Only Wales and the South West saw more surveyors recording an increase in sales than a decrease, with the rest of the UK remaining flat – although London and the South East lead the declines.On top of this, RICS also says the number of surveyors reporting fewer agreed sales versus a rise increased by 15%, the “softest reading since last July during the aftermath of the EU Referendum”.Stock stableWhile buyers continue to keep away from the market, the number of homes available for sale remain stable having declined over the past 18 months.On average stocks levels on estate agents’ books are holding up at 43.3 properties per branch.Looking forward, RICS doesn’t expect the market to pick up over the next yeaar but despite such a flat market, house prices continue to rise, continuing at 6% a year during September, although prices are “firmly negative” in London and the South East.“It was always questionable to talk about the housing market as a single entity but the stark divergence in key readings from the latest RICS survey demonstrates in the clearest possible terms just how important the regional narrative is at the present time,” says Chief Economist Simon Rubinsohn (pictured, left).“In part, this is a reflection of affordability constraints hitting the higher priced segments of the market. It is perhaps also indicative of a shift in economic momentum in the face of the increasing possibility of the first hike in base rates in over ten years.”But the rental market is a very different picture. Increased interest from prospective tenants increased during September, with 10% more lettings agents noting rising enquiries than those experiencing a decline, although landlord instructions have been declining – although so far this hasn’t pushed up rents, as might be expected RICS says.Read the full report. RICS Simon Rubinsohn Royal Institution of Chartered Surveyors October 12, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
South Africa’s maritime industry is forecast to create thousands of new jobs. Samsa CEO Tsietsi Mokhele is confident of the maritime sector’s potential toproduce jobs. (Images: Bongani Nkosi) MEDIA CONTACTS • Tebogo Madibo Head: Marketing and Communications Samsa +27 12 366 2660 RELATED ARTICLES • Aviation, maritime careers for youth • South African maritime industry set to grow • New centre to foster science careers • South Africa to create 5-million new jobsBongani NkosiIn the future up to 160 000 new jobs could be generated in South Africa’s commercial maritime industry, which is currently a largely untapped source of employment for locals.The South African Maritime Safety Authority (Samsa) said a vast number of jobs could be created in the coming years, but the country was in a race against time to develop the required skills.“This industry can create tens of thousands of jobs,” said Samsa CEO Tsietsi Mokhele at a media briefing in Cape Town. “It can create between 140 000 and 160 000 new jobs.”With a 25% unemployment rate, South Africa needs to take advantage of various opportunities that its sectors have to offer.Through the New Growth Path (NGP), the government aims to generate up to 5-million jobs within the next 10 years and slash unemployment by 10%.Mokhele believes the maritime sector can play a significant role in the NGP. He said the six-month-old national strategy has helped create a proper framework for the sector’s development to gear it up for job creation.“Maritime remains a hidden sector that can contribute significantly to the NGP,” he said.Samsa said it has started processes aimed at helping unlock job opportunities in the industry by raising awareness and introducing necessary policies. The government agency is currently developing a National Maritime Skills Plan and Jobs policy, which will be implemented once adopted by parliament.It has appointed Deloitte, an international accounting and consulting firm, to assess the range of skills required to drive employment, according to Mokhele. “For us to develop jobs (in the sector), we need to develop skills,” he said.Most seafarers currently working on South Africa’s freighters are Filipinos. This can change if more South Africans grab the opportunities that exist, Mokhele pointed out.The country needs to groom skilled professionals such as law specialists, engineers and artisans, managers, maritime economy specialists and others specifically for the maritime industry.“We’re looking at generating jobs both inland and at sea,” Mokhele said.Working with universitiesSamsa is lobbying universities to increase or introduce maritime studies. Mokhele said they’ve met with academics from the following institutions over the last few months: University of Pretoria, University of Johannesburg, University of South Africa, University of KwaZulu-Natal, University of Zululand and Nelson Mandela Metropolitan University.The Durban University of Technology and Cape Peninsula University of Technology, both located in coastal areas, are already leaders in offering comprehensive maritime studies.“Universities are responding well to the sector’s needs based on their academic strengths,” Mokhele said.Vital sectorWith up to 80% of trade between South Africa and its partner countries being maritime-based, the country needs to escalate market participation to protect its interests.“We’re disconnected from the world unless we have shipping ability,” Mokhele said.Comprehensive skilling would also allow South Africans to take advantage of opportunities that exist on the continent, which is almost completely surrounded by ocean.Most of the shipping to and from South Africa is currently done by foreign groups, Mokhele noted, which means local businesses also have room to ramp up the market share in future. “Our trade is handled on foreign-registered ships, which employ foreign capital and foreign labour,” he said.Raising awareness in schoolsMaritime career opportunities remain untapped partly due to lack awareness among South Africans, especially the millions living inland.Samsa has teamed up with provincial government divisions to raise awareness among the country’s school pupils. Mokhele said his organisation is initiating maritime career awareness projects in all nine provinces.The awareness programmes have already “matured” in KwaZulu-Natal and the Eastern Cape, both coastal provinces.“Pupils need to look out for mass programmes of awareness that we’re rolling out,” Mokhele said.“We try to let them understand what the sector has to offer. It’s full of adventure and one can make it in the maritime sector coming from any background,” he added.
Sixteen members of the Premier League-winning squad are heading off to Russia this month, more than any other club in world football as Pep Guardiola says he will be available for talks about anything Manchester City players wish to talk during the World Cup, according to Manchester Evening News.England defender John Stones thanked Guardiola for improving his game and plans to take up the manager’s offer this summer.“I think the thing for me is how he has made everything so simple. He has taken my footballing brain to another level,” he said.“Everyone thinks they know football and different systems but when I turned up at City and trained with him it was like a new door opening that I never thought would be there.”Report: City are stunned by Norwich George Patchias – September 14, 2019 Manchester City was stunned by Norwich City in todays Premier League clash.Much has been made in recent days of the potential impact of Aymeric…“I will definitely speak to him in the tournament. He’s very open. He said we can call him or text him whenever we need to, 24 hours a day.“I was a big part of that. I didn’t come back how I was before [after a November injury] and that was upsetting from a personal point of view. Then I came away with England and got injured. I was concussed, then was ill and then got injured again. It was like a chain effect.“But everyone was brilliant with me, and the title success was good to be a part of. I was always pushing and fighting, and sometimes you have to bide your time. That is what I did and, even when I wasn’t playing, I still wanted to be a positive influence for the team. That is what the senior pros have done in the past.”
Udinese Spanish football club manager Julio Velazquez has declared that Udinese’s return from 2-0 down to draw 2-2 at Parma was “worth the same as a victory.”The Spanish manager was getting his first bite of Serie A football as it didn’t start well for him, however, his team managed to recover at the Stadio Tardini.“I think we did well and it’s a positive result,” Velazquez told DAZN as quoted in Football Italia.“It wasn’t easy to play against a Parma side that had been missing from Serie A for a few years and was highly-motivated to start strong.Serie A Betting: Match-day 3 Stuart Heath – September 14, 2019 Considering there is a number of perfect starts so early in the Serie A season, as well as a few surprisingly not-so perfect ones….“I think this draw is worth the same as a victory. Our idea is always to try and win, but today a draw in the circumstances was positive.“We did better in the second half and that is also a good sign for our fitness levels. We could even have won towards the end and kept pushing.”
The Borussia Dortmund goalkeeper debuted for his team, but his club ended up losing in penalty kicks against Werder Bremen.Borussia Dortmund and Werder Bremen drew 3-3 yesterday after extra time in DFB-Pokal Third Round action.But in the penalty kicks stage, Bremen ended up winning 4-2, eliminating the hopes and dreams of BVB.On that match, goalkeeper Eric Oelschlagel debuted with his new team, and he’s bittersweet after debuting on a very complicated match that ended up in a defeat.“It was an emotional day for me. It hasn’t sunk in yet,” Oelschlagel told the club’s official website.“It’s still fresh in my mind. For me, it’s a dream come true.”“The outcome of the match is very annoying, there’s obviously a sense of frustration there,” he explained.“It was only this morning that the goalkeeping coach told me I’d play.”Crouch: Liverpool could beat Man United to Jadon Sancho Andrew Smyth – September 14, 2019 Peter Crouch wouldn’t be surprised to see Jadon Sancho end up at Liverpool one day instead of his long-term pursuers Manchester United.“I had a few good moments, but the team made it easy for me too. Ultimately, for me personally, I’m able to draw a positive conclusion,” the goalkeeper concluded.Eric Oelschlagel debuted professionally with Werder Bremen II in 2014, in 2016 he moved to the senior squad for two years.Then he was transferred to Borussia Dortmund in the summer of 2018 and had played only with the second squad until yesterday.“It was no surprise that it was going to be a difficult match against Werder Bremen,” coach Lucien Favre added.“After Bremen took an early lead, we controlled the game. They played very compactly. It was difficult to find the gaps.”“We played with patience and the equalizer at 1-1 before the break was deserved,” he continued.“Bremen were always dangerous. The goal we conceded at 3-3 was a little unnecessary but that’s all part of the sport – as are illnesses for our players in February.”
Brushtail Possum in tree. Credit: Dr Jane DeGabriel (Phys.org)—A team of researchers from several universities in Australia has found that brushtail possums have begun altering their foraging habits in light of the decline of Tasmanian devils in Tasmania and other nearby islands. In their paper published in Proceedings of the Royal Society B, the team describes field studies they conducted on the islands, what they learned and why they believe an ecosystem change is coming. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. © 2015 Phys.org Tasmanian devils are small scary-looking marsupial animals that live off of animals that they capture and kill—they are native to Tasmania and a few surrounding islands, but over the past decade their numbers have dwindled dramatically as they have been decimated by devil facial tumor disease—a contagious type of cancer. One of their prey is the brushtail possum, an arboreal animal that eats mostly eucalyptus leaves—though they do venture to the ground as often as possible to eat nuts and berries. In this new effort, the researchers wondered if the lifestyle of the possums had changed now that one of their main predators was rarely seen. To find out, they ventured to Tasmania and another island (Maria) in the vicinity that had been devil-free for thousands of years.The team set up feeders on the ground in both locales stocked with raisins, a food they know the possums like. Some of the feeders were placed close to trees, others farther away, and some of the feeders had rocks mixed in with the raisins, or openings that required a head to be inserted, preventing a possum from seeing if a predator was nearby while it munched.As expected, the researchers found that the possums had grown bolder—in places that had seen the sharpest declines, the possums were the most bold, behaving in some instances, in much the same way as possums on devil-free Maria island, wandering around on the ground as they pleased. What was surprising was how quickly the possums had adapted to the nearly sudden absence of the devils.The researchers suggest their findings offer information that might prove useful in other areas, where it is not possible to study a declining apex predator in isolation, such as Yellowstone National Park in the U.S., where park managers have been experimenting with reintroducing wolves. They also note that increased foraging by possums is likely to cause an as yet unknown impact on the local ecosystem. Citation: Possums in Tasmania growing bolder as devils decline (2015, June 17) retrieved 18 August 2019 from https://phys.org/news/2015-06-possums-tasmania-bolder-devils-decline.html Journal information: Proceedings of the Royal Society B Hungry pythons mean male possums live fast and die young More information: Relaxation of risk-sensitive behaviour of prey following disease-induced decline of an apex predator, the Tasmanian devil, Proceedings of the Royal Society B, DOI: 10.1098/rspb.2015.0124AbstractApex predators structure ecosystems through lethal and non-lethal interactions with prey, and their global decline is causing loss of ecological function. Behavioural changes of prey are some of the most rapid responses to predator decline and may act as an early indicator of cascading effects. The Tasmanian devil (Sarcophilus harrisii), an apex predator, is undergoing progressive and extensive population decline, of more than 90% in long-diseased areas, caused by a novel disease. Time since local disease outbreak correlates with devil population declines and thus predation risk. We used hair traps and giving-up densities (GUDs) in food patches to test whether a major prey species of devils, the arboreal common brushtail possum (Trichosurus vulpecula), is responsive to the changing risk of predation when they forage on the ground. Possums spend more time on the ground, discover food patches faster and forage more to a lower GUD with increasing years since disease outbreak and greater devil population decline. Loss of top–down effects of devils with respect to predation risk was evident at 90% devil population decline, with possum behaviour indistinguishable from a devil-free island. Alternative predators may help to maintain risk-sensitive anti-predator behaviours in possums while devil populations remain low. Explore further
Schematic illustration of electrically biased suspended graphene and light emission from the center of the suspended graphene. Credit: Young Duck Kim/Columbia Engineering Explore further Researchers discover first sensor of Earth’s magnetic field in an animal (Phys.org)—It was a good week for new technology as a team of researchers at Columbia University announced a way to get renewable energy from evaporating water—they have come up with two devices, one a piston-based engine that generates electricity while floating, and the other, a rotary engine that powers a tiny car. Also, another team with members from the U.S. and Korea demonstrated for the first time an on-chip visible light source using graphene—the world’s thinnest light bulb. And a team of chemists at UCLA announced that they had devised technology that could transform solar energy storage—it is a way to extend energy storage in solar cells from microseconds to weeks. © 2015 Phys.org This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: Best of Last Week – Renewable energy from evaporating water, left-handed kangaroos and a fasting diet that slows aging (2015, June 22) retrieved 18 August 2019 from https://phys.org/news/2015-06-week-renewable-energy-evaporating-left-handed.html It was also an interesting week for biological research as one team of researchers at the University of Texas announced that they had discovered the first sensor of Earth’s magnetic field in an animal. They found a microscopic structure in a C. elegans, a type of worm that senses the magnetic field and to modifies its behavior based on what it finds. They suspect similar structures exist in other animals such as geese that help them navigate. Also, another team found that Saharan silver ants can control electromagnetic waves over an extremely broad spectrum range—it helps them stay cool in the hot desert. And another team of researchers with members from Russia and Australia found that Kangaroos are left-handed—which came as a surprise as the marsupials do not have a neural network in their brain that connects their left and right hemispheres. The team has also shown that handedness is not unique to primates. Another team at the University of Warwick was able to show that self-awareness is not unique to mankind—they used thought experiments to figure out which capabilities any animal must have in order to mentally simulate the environment around them, and then found examples in other animals, such as rats in a maze. And a team at Monash University has found that with people, emotional brains are “physically different” to rational ones. They found actual differences in grey matter. Also a team of researchers at Rutgers University discovered a bacterium that “breathes” uranium and renders it immobile—possibly allowing for a new way to clean up radioactive waste.And finally, if you have been looking for a way to stave off the impact of Father Time, a team of researchers at USC has found that a diet that mimics fasting appears to slow aging—mice cycled on and off the diet for a period of time lost weight, got smarter and lived longer.