May
11
U.K. Dip in Housing Demand Doesn’t Stop Relentless Price Gains
By-
RICS survey shows new buyer enquiries plunged in April
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Prices rising; LSL says average value close to 300,000 pounds
U.K. housing demand plunged last month after a surge in the first quarter fueled by landlords looking to get ahead of a punitive tax change, though the slowdown wasn’t enough to cool upward pressure on prices.
Two reports on Thursday provided further evidence of how Chancellor of the Exchequer George Osborne’s surcharge on buy-to-let properties and second homes, introduced in April, has skewed the market in recent months. The Royal Institution of Chartered Surveyors said new-buyer enquiries dropped by the most since the financial crisis in 2008, and LSL Property Services said transactions fell by more than half…
U.K. Dip in Housing Demand Doesn’t Stop Relentless Price Gains
