49 days left and counting: Buy to let investors rushing to get ahead of deadline...
Demand for property jumped after the Chancellor announced the 3% Stamp Duty surcharge for buyers of second homes, including buy to let investors. The RICS has reported that its members are citing a rush to beat the April 1 deadline, when the surcharge kicks in.
It remains to be seen if this tax hike will have an adverse effect in popular areas for the rental and second or holiday home markets. However a recent report by the RICS cites that the lack of stock is set to remain a key driver of the UK housing market and that Northern Ireland will continue to show solid sale growth over the next 12 months.