Royal Institution of Chartered Surveyors (RICS) report for March 2025:
House Price Balance +2, weakest since Auugust 2024
- prior +11
The measure of new
buyer enquiries fell to its lowest since September 2023 at a net
balance of -32 in March, down from-16 in February.
RICS chief economist Simon Rubinsohn on the lowering of the price threshold
at which homebuyers become liable to pay the property purchase
tax known as stamp duty
- “The expiry of the stamp duty break was always going to lead
to a pause in activity in the sales market. However, the latest
results … suggest that the shift in sentiment has been
aggravated by the slew of negative macro newsflow over the past
few weeks”
This article was written by Eamonn Sheridan at www.forexlive.com.