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UK's Housing Market Slows as Stamp Duty Deadline Looms
The Guardian
|March 13, 2025
Momentum in the UK housing market slowed last month as confidence was dampened by a looming stamp duty deadline and concerns over stubbornly high interest rates and the world economic picture.
Buyer demand fell to its weakest level since November 2023, with a net balance of 14% of property professionals reporting a fall in demand, according to the Royal Institution of Chartered Surveyors.
A survey of professionals by Rics indicated that higher stamp duty costs for some England and Northern Ireland homebuyers from 1 April are expected to weaken market activity.
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