House Prices Continue To Grow
House Prices Continue To Grow – The number of purchasers and tenants looking for new homes still far outweigh the number of properties available so its pushing prices higher and higher. Concerns have grown with regards to rental values after the Government announced plans to add an additional 3% stamp duty to second homes and a reduction in tax incentives after April 2016. With the demand for rental properties being so high, a shortage in the number of investment buyers will only halt, or reduce the number of new rental properties coming available which will only force prices higher. The question remains though, if investment buyers take a step back from the market and first time buyers are struggling to get onto the property ladder, what will happen to sale values?