RICs’ latest UK Residential Market Survey has seen a rise
in new instructions in January, which, although modest, is very welcome.
However, with buy-to-let investors rushing to get into the market ahead of the
stamp duty hike, the pressure on prices is intensifying despite a higher level
of supply. How the tax changes planned for the buy-to-let sector over the next
few years plays out remains to be seen, but there are concerns raised in the
survey that existing landlords will look to either gradually scale back on
their portfolios or exit the market altogether as the more penal regime begins
to bite. Against this backdrop, it is perhaps not surprising that our key
indicators point to further rent — as well as house price — increases. Read
more on the RICs website.
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