Get in touch

Speak to us now on live chat

Speak to someone on the phone

We can call you

Send us an email

Go Back

Call us today:

020 8115 4286

If you wanted to speak to a local expert, please go here to contact a specific branch.

Please provide us with the below details and one of our local experts will be in contact.

Please provide us with the below details and one of our local experts will be in contact.

All done

Thank you for providing us with your contact details, one of our local experts will be in contact.

Get in touch
  • Speak to us now on live chat
  • Speak to someone on the phone
  • We can call you
  • Send us an email
Go Back

Please provide us with the below details and one of our local experts will be in contact.

Go Back

Please provide us with the below details and one of our local experts will be in contact.

Go Back

Call us today:

020 8115 4286

If you wanted to speak to a local expert, please go here to contact a specific branch.

Go Back

All done

Thank you for providing us with your contact details, one of our local experts will be in contact.

Contact Flood of buy-to-let investors in the market pushing up house prices

Fill in the form below to get in touch

Sales or Lettings enquiry

Your Details

We will use your data for the purpose of your enquiry. After we have responded, we would also like to send you emails with information on our other products and services, including our regular newsletter which contains special offers, property photos, hot topics and useful tips.
Please tick this box if you are happy to receive this and remember you can change your preferences at any time. If you would like to know more about how we use your data please visit our Privacy Notice here

All done

We received your message. Our expert local team will review your details and get back to you shortly.

If you need any more information call us on

Contact Brentford area

Fill in the form below to get in touch

Your Details

We will use your data for the purpose of your enquiry. After we have responded, we would also like to send you emails with information on our other products and services, including our regular newsletter which contains special offers, property photos, hot topics and useful tips.
Please tick this box if you are happy to receive this and remember you can change your preferences at any time. If you would like to know more about how we use your data please visit our Privacy Notice here

All done

We received your message. Our expert local team will review your details and get back to you shortly.

If you need any more information call us on

Property Search Request Valuation
Search
Call us 02080225147

Flood of buy-to-let investors in the market pushing up house prices

A shortage of homes for sale is pushing prices up, as buy-to-let investors flood the market ahead of the 3% Stamp Duty surcharge coming into effect on April 1.

The RICS reported this morning that while supply has picked up, it is not enough to meet the surge of demand from buy-to-let investors.

Stock levels rose over January from 44.5 properties in December per branch to 46 but this was still 21% down compared with January a year ago.

RICS chief economist Simon Rubinsohn said: The rise in new instructions in January, although modest, is very welcome.

However, with buy-to-let investors rushing to get into the market ahead of the Stamp Duty hike, the near term pressure on prices is if anything intensifying despite a higher level of supply.

How the tax changes planned for the buy-to-let sector over the next few years play out remains to be seen, but there are concerns raised in the survey that some existing landlords will look to either gradually scale back on their portfolios or exit the market altogether as the more penal regime begins to bite.

Against this backdrop, it is perhaps not surprising that the key RICS indicators point to further rent as well as house price increases.

There was a flurry other market news today, including from the LSL Acadata index, which said average prices across England and Wales have broken through the 290,000 barrier and now stand at 290,642, with a 0.2% rise in January equating to a 700 increase.

National valuations firm e.surv is predicting that there will have been 85,432 house purchase mortgage approvals in January, up over 20% from the 70,837 in December. Using its own data, the firm is forecasting that Januarys approvals will turn out to be the highest for almost nine years, since October 2007. E.surv attributes the rise to a rush on buy-to-let mortgages.

Homelet said that new tenancies agreed have average rents outside London of 740 per month an annual rise of 5.5%. Rents in London are now 104% higher than those outside the capital, at 1,510.
SpareRoom which specialises in bedrooms in flat shares, said rent rises are snowballing, with rents going up four times faster in commuter towns Swindon and Luton than in London. The most expensive room rents are in Reading, averaging 548.

Yet another new index launched today, a buy-to-let survey from Property Partners which marries rental income with capital growth. It says the best total returns for investors are in the east of England, at 13.2%; the lowest are in the north-east, at 4.1%.

London firm Marsh & Parsons reported a 24% rise in applicants in January compared with January a year ago, and an influx of first-time buyers. CEO Peter Rollings said first-time buyers now account for 66% of sales, up from 49% a year ago.

Eight spectacular properties to watch out for this autumn Read More
South London sees high levels of tenant demand Read More
An exceptionally busy lettings market throughout London Read More
What should cohabiting couples consider before buying a property? Read More
Hammersmith Bridge reopens to pedestrians Read More
What are the changes to the Right to Rent legislation? Read More
What does the lettings market for family homes look like in central London? Read More
Exceptional demand for family homes in south London Read More
London sales market set for one of the busiest summers on record Read More
Nine of the most luxurious homes on the market Read More

Marsh & Parsons is registered in England (Company No. 05377981) Registered office address: 80 Hammersmith Road, London, W14 8UD (VAT No. GB 842 7959 83) | Copyright © Marsh & Parsons 2018

Client Money Protection is provided by Propertymark. The redress scheme for Marsh & Parsons is The Property Ombudsman Scheme. Calls may be recorded and/or monitored for training and/or data protection purposes. We are members of The Property Ombudsman (TPO), there to protect your interests. We abide by the TPO code of conduct.

We may refer you to recommended providers of ancillary services such as Financial Services and Insurance. We may receive a referral fee for recommending their services. You are not under any obligation to use the services of the recommended provider, which may also be an associated company of Marsh & Parsons.