US EditionHousing market activity took a pause as stamp duty holiday expired – surveyors
- The housing market became subdued at the end of March after a rush to avoid the stamp duty deadline, according to the Royal Institution of Chartered Surveyors .
- A net balance of 2% of surveyors reported house prices rising in March, down from 11% in February, indicating a decline in price momentum.
- In March, a net balance of 32% of surveyors observed a decrease in demand, marking the weakest demand since September 2023 according to RICS.
- RICS Chief Economist Simon Rubinsohn noted that the expiry of the stamp duty break prompted a pause in sales market activity.
12 Articles
12 Articles
RICS property survey March 2025 shows little growth
House prices have stayed flat in March, as effects caused by changes to Stamp Duty have petered out The RICS property survey March 2025 shows that buyer enquiries and agreed sales have stayed in the negative territory. Changes to stamp duty caused a rush in completing sales before the April 1 deadline. The RICS property survey March 2025 reveals more caution Housing market professionals are taking a more reserved approach in the near-term, while…
Housing market mellows and outlook weakens after stamp duty rush – RICS
Sentiment towards the future housing market dwindled as activity dropped off following the stamp duty deadline rush, a market survey found. The post Housing market mellows and outlook weakens after stamp duty rush – RICS appeared first on Mortgage Solutions.
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