UK housing market faces uncertainty

The Royal Institution of Chartered Surveyors (Rics) has reported that the UK housing market is experiencing a downturn, exacerbated by potential US tariffs. The market saw a decline in activity following the end of the stamp duty break, with a net balance of only 2% of surveyors reporting price increases in March, down from 11% in February. Simon Rubinsohn, Rics chief economist, said: "The expiry of the stamp duty break was always going to lead to a pause in activity in the sales market." Demand from new house-hunters has also decreased, with a net balance of 32% of surveyors noting a drop in demand. Despite these challenges, the rental market showed signs of recovery, with a rise in tenant demand. However, the overall sentiment remains cautious as the impact of tariffs could further destabilise the property market. 

Daily Mail (09/04/2025)   The Independent (09/04/2025)   The Standard (09/04/2025)