As recent market trends become clear, January, February and March will be busy times for my property law colleagues as many investors look to purchase new investments before the punitive stamp duty measures for second properties come into force in April.
In December, 10 per cent more chartered surveyors in London said buyer enquiries had gone up, the Royal Institution of Chartered Surveyors (RICS) said. It also revealed price momentum remained firm and near term price expectations were at a 20-month high. GA_googleFillSlot("mpu_mobile_1"); “The housing market has experienced an unusually buoyant December. Those in the industry have been speculating that this is the result of the chancellor’s announcement last November,” said RICS chief economist Simon Rubinsohn. “Potential buy-to-let investors are looking to pick up properties before the increased stamp duty levy comes into force in April. If that is the case, then we can expect to see the housing market heating up further over the next few months.”