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"