Property Transactions Soar!

Residential property transactions boomed in March 2016 with a staggering increase of 70% compared to the same month last year, according to HMRC.

A huge influx of investment in buy-to-let properties and second homes ahead of the 1st April 2016,  was caused by the Government’s new 3% surcharge on the Stamp Duty Tax.

There were also concerns of the anticipated Bank of England reforms causing restrictions on buy-to-let mortgages, which may have added to the increased volume of transactions in March.