Apr 2016 House Price Infographic
Apr 2016 House Price Infographic indicates house prices are on average unchanged in the past month and up on average 6.9% in the past year
- Active start to 2016 with housing transactions continuing strong through Q1.
- However, house prices are beginning to level off.
- Experts expect the recent surge in activity is the result of investors bringing forward purchases ahead of the upcoming stamp duty surcharge coming into effect in April on buy-to-let properties and second homes.
- Market slowing is expected in the months ahead as the stamp duty surcharge is likely to dampen the buy-to-let sector. Uncertainty around the EU referendum and possible Brexit could also slow activity.
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