Surge in BTL activity post Brexit
Activity in the buy-to-let market saw a surge of 12.7% during August. The latest research from Connells Survey and Valuation appear to indicate that changes to tax and stamp duty were only a short term problem for the sector.
In addition to investors digesting the tax changes, fears over Brexit appear to have subsided and the recent cut in the Bank of England base rate has had a calming impact on the market.
The strongest overall increase in valuations came from first-time buyers, with valuations up by 6.8% on July and by 19.6% on an annual basis.
Full story available from Property Reporter: http://www.propertyreporter.co.uk/landlords/btl-market-sees-flurry-of-post-brexit-activity.html