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Landlords ARE rushing to buy, says valuations firm
A rush of landlords looking to purchase buy-to-let properties has been confirmed this morning by new figures from a national surveying and valuation firm.
Connells Survey & Valuation carried out an astonishing 86% more buy-to-let valuations last month than in December the previous year.
While the figure represented a slight monthly dip of 1%, this was far less than the usual seasonal falls in other types of valuations – for home movers, first-time buyers and people remortgaging.
John Bagshaw, director of the firm, said: “December’s results are a reflection of the ever-increasing demand for homes as investment opportunities.
“The added factor of the April 1 Stamp Duty increase has spurred many investors who might have been sitting on the fence to take the plunge.”
Altogether in December, mortgage valuation activity was up 29% year-on-year. That figure compares with the 9% growth between December 2013 and December 2014.
http://www.propertyindustryeye.com/landlords-are-rushing-to-buy-says-valuations-firm/
