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Landlords rush to beat stamp duty causes a surge in housing market

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Published: 28/04/2016   Last Updated: 28/04/2016  
Tags: Landlords-Rush-To-Beat-Stamp-Duty-North-London-Estate-Agents

Landlords rush to beat stamp duty causes a surge in housing market - North London Estate Agents
Over the past month, the average asking prices of homes in the UK following the surge of buying in March. In the reports from Nationwide, it’s noted that since the increase in stamp duty, the annual pace of house price growth dropped to 4.9%, whereas in March it was 5.7%.
HMRC reported that there were 165,400 transactions during March, the highest it has been since the peak of January 2007 (149,000)

The study (for the Royal Institution of Chartered Surveyors) has concluded that International investors have become put off purchasing property in the U.K. since the possibility of an exit from the U.K.

 


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