Market News
UK housing market has weakest month since late 2023, RICS survey shows - REUTERS
LONDON, March 13 (Reuters) - Britain's housing market had its slowest month in more than a year in February as a rush by buyers to close deals ahead of the expiry of a tax break ran out of steam, a survey published on Thursday showed.
The Royal Institution of Chartered Surveyors said buyer demand was the weakest since November 2023 and a further softening was expected in the months ahead.
The report's net balance of house prices - which measures the difference between surveyors reporting a rise and a fall -dropped to +11 - its lowest since September last year - down from +21 in January and a two-year high of +25 in December.
