Housing demand hit two-year high in March

clock

Demand for UK housing hit its highest level in two years in March as more properties were put up for sale ahead of the Stamp Duty holiday-end, data suggests.

New buyer enquiries edged up to levels not seen since 2010, with 9% more surveyors reporting increases rather than decreases in demand, according to figures published by the Royal Institution of Chartered Surveyors (Rics). Simon Rubinsohn, Rics' chief economist, said: "Demand saw a slight boost in March as many first-time buyers looked to beat the stamp duty holiday deadline. "There has been a gentle increase in activity across the market in the early part of the year but it remains to be seen is whether this can continue, given the changes in the Budget and ongoing problems affecting...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on First time buyers

Three fund managers guilty of £7m sovereign wealth fraud

Three fund managers guilty of £7m sovereign wealth fraud

Trio guilty of multi-million dollar fraud linked to Libya

Julia Bahr
clock 21 February 2023 • 2 min read

Help to buy scheme to close this year, Treasury confirms

'Specific purpose successfully achieved'

Carmen Reichman
clock 30 September 2016 • 1 min read

Labour makes first-time buyer stamp duty pledge

Labour would make first-time buyers exempt from stamp duty for purchases under £300,000, Ed Miliband is due to announce.

Jenna Towler
clock 27 April 2015 •