UK Residential Market Survey, February 2025 (published 11th March 2025).
What is the UK Residential Market Survey?
The UK Residential Market Survey is used by the government, the Bank of England and other key institutions, including the IMF, as an indicator of current and future conditions in UK residential sales and lettings. It is covered extensively in the media and is the leading source of market intelligence, highly regarded both by investors and across the industry.
Sales market activity softens slightly over the month
Measures of new buyer enquiries and agreed sales turn mildly negative
House prices still rising at the national level, but momentum appears to be moderating
Near-term expectations point to a further (gentle) softening in sales market activity over the months ahead.
The February 2025 RICS UK Residential Survey results are indicative of a modest slowdown across the sales market, with concerns over interest rates, inflation, and global events appearing to dampen buyer confidence somewhat. Moreover, the impending stamp duty deadline on the 1st of April is likely distorting the underlying demand picture at present, as well as contributing to uncertainty around the outlook for activity in the months ahead.
