The latest data from the Royal Institution of Chartered Surveyors (RICS) reveals a significant cooling of the UK housing market, with the house price balance reaching just 2% in March 2025. This marks a marked slowdown compared to February's 11% indicator, reflecting changing market dynamics.
The decline indicates a deceleration in the pace of house price growth across the UK, as potential buyers and investors adjust to fluctuating economic conditions and shifting property market trends. The RICS house price balance is a critical measure of market sentiment, derived from a monthly survey of chartered surveyors who report the difference between the number of respondents seeing price increases versus decreases.
This latest data, updated on April 9, 2025, reflects the complex interplay of factors influencing the UK housing market, from interest rate adjustments to regional economic shifts. The market continues to adapt to these pressures, with both sellers and buyers re-evaluating their positions in this evolving landscape. As the year progresses, further updates from RICS will be closely watched for indications of future trends in house price growth.