Rightmove has reported a rise in the number of properties coming onto the market after the removal of HIPs.
Commercial Director Miles Shipside explained rises listings are common just after an election period as tax changes are being clarified.
He was still surprised by a 35% increase in property listings believing these to be from speculative property owners that have been encouraged to sell.
The loss of the £299-£350 cost to compile the HIP has encouraged property owners to sell their properties.
The statistics are pretty good…
Rightmove revealed:
* Wales increased 66%
* The North West increased by only 12%
Property listings are not the only area to have grown. Property instructions have increased according to Countryside, an estate agency website.
HIP abolishment saw a 34% rise in property investments being put up for sale – furthering evidence that property owners have approved of this.
Subscribe To
Posts
About Me
- Sam Henshaw
- London, United Kingdom
- I have been successfully building my property portfolio for the last 10 years since leaving university and am currently advising new property developers on how to make their first investment a success by holding property investment course for the general public.
Courses in property management can cost thousands of pounds and at the end of it you may decide that property development isn't for you.
I take part in taster sessions to enable you to decide if property is the right investment for you BEFORE putting any money down.
No comments:
Post a Comment