British housing prices are expected to rise as the demand for buyers slows as the stamp mission increases.

The demand for buyers in the UK housing market slipped in February and impressed the weakest level since late 2023, and this trend is expected to continue as the stamp costs increase next month.

RICS (Royal Institute of Char

According to the RICS survey, the increase in stamp mandatory, which is applied to some housing buyers from April 1, is expected to weaken market activities in the UK and North Ireland.

RICS's chief economist, Simon Rubinson, said: The British housing market seems to be losing some propulsions as the temporary increase in stamp thresholds approaches.

Some concerns are expressed by respondents by the recurrence of inflation pressure and more uncertain designated scientific environments. In other words, more than a few months, sales activities seem to be likely to resume the rise as prices rise.

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Starting April 1, the initial NIL rate band will decrease from 425,000 to 300,000, while other housing buyers will drop from 250,000 to 125,000. This requires half of the owners to pay 2,500 per purchase, while one -third of the other should be paid to this level.

The report also suggested that continuous concerns about interest rates, inflation and global events are contributing to reducing buyer trust. Despite these headwinds, housing prices continued to rise in February, but it continued to increase even though the speed was slow. A small number of experts has been reported compared to the previous month in December and January, which represents the cooling of the price increase.

Starting April 1, the first buyer's 'NIL' band will drop from 425,000 to 300,000, while other housing buyers will drop from 250,000 to 125,000.

Furthermore, while the market is expected to continue to be soft in the short term, most experts believe that housing prices will rise over the next 12 months, RICS expects to increase the balance of 47%.

The survey also pointed out that the newly subscribed sales decreased in February, and London -based experts reported especially noticeable sales in agreed sales for a month.

In the rental market, the demand for tenants has declined slightly for four consecutive months. Since RICS started monthly Letting Records in 2012, the demand for tenants does not increase, indicating the longest period of time. Along with this reduction in demand, new guidelines for landlords are also decreasing.

According to RICS, the demand for rental real estate has decreased, while supply seems to decrease faster, and it seems to be toward rising rent prices.

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34%of the survey participants are expected to rise in rent prices for the next three months.

Rubinson added: Meanwhile, despite the flat trend of private rental real estate, the expectation of major Rics metrics capture lease still increases, which shows that the challenge of supply is over all terms.

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