UK data shows house buyer demand in March hitting its lowest since September 2023

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.