Buyer inquiries dip as stamp duty holiday ends

Home buyer inquiries and sales experienced a significant decline in April following the expiration of the stamp duty holiday. The Royal Institution of Chartered Surveyors (Rics) said a net balance of 33% of property professionals reported a decrease in inquiries, marking the third consecutive month of reduced interest from buyers. Rics chief economist Simon Rubinsohn said: "The main reason for the dip in the key Rics sales activity metrics lies in the expiry of the stamp duty holiday at the end of March." Despite the current downturn, 17% of surveyors anticipate an increase in sales over the coming year, and 39% expect house prices to rise. The lettings market, however, shows increased tenant demand, with a decline in new landlord instructions, indicating potential rent increases in the near future. 

Daily Mail (07/05/2025)   The Daily Telegraph (07/05/2025)   The Independent (07/05/2025)