Double digit growth in house prices over the last year
has been blamed on the “last hurrah” of buy-to-let investors as they seek to
head off the rise in stamp duty. The latest House Price Index revealed that
prices were 10.1% higher in the three months to March 2016 than they were in
the same period of 2015. For the period January to March 2016, meanwhile,
prices were 2.9% higher than in the preceding three months. “No-one should
confuse the return of double-digit annual price growth with universal rude
health in the property market,” said Nicholas Finn, executive director of
buying agents, Garrington Property Finders.
“There’s every chance that these strong March figures represent the last
hurrah of Britain’s army of buy-to-let landlords.” Read more on the Housing
Excellence website.
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