Increased activity due to stamp duty deadline

UK property prices are expected to slow in the coming months due to concerns about the June 23 European Union referendum and global economic uncertainty, February saw strong growth in property prices across the UK except for London, the rush to buy before the stamp duty hike in April will probably see strong figures continue  into March as well.

The Royal Institution of Chartered Surveyors (RICS) reported its monthly house price balance rose to +50 last month from a downwardly revised +48 in January, sticking within the same narrow range where it has been for the past five months, the index for price increases over the next three months sank to +21 in February from +33 in January and +44 in December

RICS’s chief economist Simon Rubinsohn reportedly said “It is inevitable that over the coming months, April’s stamp duty changes will take a little of the heat out of the investor market”,

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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