India, April 10 -- The UK housing market conditions weakened in March as demand faded following the end of stamp duty holiday amid rising concerns about economic outlook, survey data showed on Thursday.
New buyer demand turned negative and hit the lowest since September 2023, the Residential Market Survey from the Royal Institution of Chartered Surveyors showed on Thursday. The index slid sharply to -32 percent in March from -16 percent in February.
For agreed sales, a net balance of -16 percent in March indicated a further deterioration from the February figure of -13 percent.
Looking ahead, three-month sales expectations pointed to further dip in activity over the near term. The index hit -18 percent compared to -6 percent in February....