Interest in new purchases from buy-to-let investors
dropped 27% in March compared to the same month last year as April 1st tax
change starts to bite. The fall reverses the upward trend between December and February
which saw a 24% year-on-year increase in buy-to-let enquiries, indicating a
potential slowdown in new investor purchases at least in the short-term. Demand
from home-hunters is at an all-time high with a record number of Q1 enquiries,
so the pause from investors could give some first-time buyers more of an
opportunity to make a move. Read more on the rightmove blog.
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