Estate agents are reporting a rush of interest from
property investors trying to buy homes ahead of the government’s new stamp duty
surcharge on second homes. From 1 April, anyone buying a property for more than
£40,000 to let or use as a holiday home will pay stamp duty on the purchase at
a rate three percentage points higher than the standard rate. The Royal
Institution of Chartered Surveyors (Rics) recently reported that the housing market
had seen an “unusually buoyant” December, and suggested that this was in part a
result of investors trying to beat the tax change. Those involved in the market
suggest that this has continued into 2016. Read more on the Observer website.
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