In 2016 we saw an average increase in house prices of 3.5% compared to 2015. This is a brad average of course and location and property style can influence this considerably.
Land registry data and RICS monthly surveys indicate that since the start of the year volumes of property sales remain static, though as the year progresses many Surveyors nationally believe activity will increase.
This is certainly something we at Paul Rolfe are experiencing having had our busiest start to the year ever.
As ever, demand is strongest for well presented family homes in good order. Location remains a key factor in the strength of that demand and the sale price achieved, and we don’t see this changing in the short to medium term.
Despite the recent changes in stamp duty for second properties and also the changes to tax allowances, we continue to see new buy to let investors entering the market.