UK Residential Market Survey, March 2025 (published 7th April 2025).

Written By Jonathan Camus-Smith

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.

Market conditions weaken amid an increasingly challenging macro backdrop

  • Buyer enquiries and agreed sales indicators move deeper into negative territory

  • House prices largely flat at the headline level

  • Near-term expectations now consistent with a weaker outlook for activity

The March 2025 RICS UK Residential Survey results signal a further deterioration in sales market conditions, with both domestic and global macroeconomic concerns seemingly starting to weigh more heavily on sentiment. In keeping with this, respondents have turned increasingly cautious on the near-term sales outlook, even if twelve-month expectations are still mildly positive for now.

Jonathan Camus-Smith
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Highlights - March 2025