Royal Institution of Chartered Surveyors (RICS) House Price Balance June 2025 comes in at -7%
- expected -9%, prior –7%
A tax hike on property transactions in April precipitated a downturn in the UK property market, not unexpectedly. The impact is diminishing. RICS mention:
- new buyer enquiries turned positive for first time since December
- agreed sales also improved
- “The UK residential market appears to be entering a more settled phase, with demand showing signs of stabilising following a period of volatility,”
- “The earlier distortion caused by transactions being brought forward ahead of the Stamp Duty changes now appears to have largely dissipated, allowing underlying trends to re-emerge.”
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The Royal Institution of Chartered Surveyors main house price balance measures the difference between surveyors seeing falls and rises in house prices
GBP not moved:
This article was written by Eamonn Sheridan at www.forexlive.com.
