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UK housing market slows after tax-raising budget, RICS survey shows
The Royal Institution of Chartered Surveyors reported a 32% drop in buyer enquiries and a 39% fall in landlord instructions in November, reflecting budget-related market uncertainty.
- Last month, the Royal Institution of Chartered Surveyors reported buyer demand, sales activity and new instructions remained firmly negative as fewer people went house-hunting, with a brokerage delaying listings before the Budget.
- RICS chief economist Simon Rubinsohn said, 'Fears ahead of the November 26 budget and measures like the high-value council tax surcharge on properties above 2 million and a 2 per cent rise in property income tax from April 2027' dampened landlord appetite.
- New buyer enquiries fell by 32% last month, worsening from October, while sales agreed dropped 24% and landlord instructions plunged 39%, the weakest since April 2020.
- RICS warned that a shortage of availability could lift rents after the Budget's landlord tax changes, with estate agents expecting rents to increase by 2.5% over the next 12 months.
- The trade body RICS indicated the subdued backdrop will persist over coming months, though respondents expected sales volumes over the next year to rise by +15%, up from +7% in October.
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UK housing market slows after tax-raising budget, RICS survey shows
Britain's housing market slowed after finance minister Rachel Reeves' budget last month, according to a survey of chartered surveyors that showed buyer enquiries falling at the fastest rate in over two years.
·United Kingdom
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UK housing market weakened in November amid budget worries
The UK housing market continued to weaken in November as agreed sales and buyer enquiries declined, data published by the Royal Institution of Chartered Surveyors showed Thursday. London house prices... -December 10, 2025 at 07:02 pm EST MarketScreener
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Total News Sources11
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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