Comment on ONS HPI, March 2016
Tue 22 Mar 2016
Peter Rollings, CEO of Marsh & Parsons, comments: "An impressive house price boost from December to January put annual growth at a ten-month high, setting quite a PB for the spring months to follow.
"But lets hope the pace hasnt peaked too early. From next Friday, second homeowners and buy-to-let investors will be liable to pay an additional 3% stamp duty, and this may take some of the muscle out of the market momentarily. Those whove planned ahead will have tried to complete those purchases before the deadline, but after 1st April, this sense of urgency will ease. Buyers will continue to jostle for a limited number of available properties, and ultimately supply will need to step up to facilitate further housing market activity and sustainable price growth in the long-term."