Belfast Telegraph

Northern Ireland property market 'to heat up' as stamp duty hike looms

By Michael McHugh

Northern Ireland's housing market is likely to heat up ahead of April's stamp duty hike, surveyors have said.

From the spring, buy-to-let investors will pay 3% more in duty than residential buyers.

Since Chancellor George Osborne's announcement last November estate agents have reported a rise in the number of new buyer inquiries.

Royal Institution of Chartered Surveyors chief economist Simon Rubinsohn said: "The housing market has experienced an unusually buoyant December.

"Potential buy-to-let investors are looking to pick up properties before the increased stamp duty levy comes into force next April."

Belfast Telegraph


From Belfast Telegraph