Buy to let surge before stamp duty hike
The Royal Institution of Chartered Surveyors’ (RICS) latest UK Residential Market Survey has shown a surge in new instructions in January.
It has pinpointed a rush of buy-to-let investors as among the causes for the rise, with many keen to get into the market ahead of the stamp duty hike in April.
We’ve seen the same increase in demand for our property related services at the start of this year compared with 2015, especially for surveys.
It heralds a good 2016 although we will wait to see how the stamp duty changes impact on the wider property market as head into Spring.
RICS issues surveys on a regular basis, which are a very valuable indicator of the state of the property market.
Many of our staff are Members of RICS, while our Managing Director Bill McAndrew, Director Ian Lee and Consultant Ken Veness are all RICS Fellows.
RICS accreditation and membership helps keep us on top of the very latest industry developments and means we can provide the best expertise, informed advice and quality of service to all of our clients.
Read the RICS survey in full at www.rics.org/uk/news/news-insight/press-releases/surge-of-buy-to-let-investors-pushes-up-home-prices/
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The Royal Institution of Chartered Surveyors’ (RICS) latest UK Residential Market Survey has shown a surge in new instructions in…