MIXED MESSAGES FROM HOUSING MARKET

Following on from my recent blog regarding the rush of buy to let investors to purchase, I thought it would be interesting to have a look at my sense of where the housing market is going after the first two months of 2016.  Although official figures have not been released, my feeling is that new stock will be at roughly the same levels as last year or perhaps slightly down.  I think the number of transactions overall will be slightly down as for the first two months in 2016 there appeared to be a degree of uncertainty.  The March figures will be skewed with the buy to let stampede although I am watching very carefully the amount of new stock coming on to the market as I am of the view that this will be a clear sign of the market direction for 2016.  There are also a few more bumps on the road – the two main ones being the EU Referendum and global economic climate.  A blog about Brexit to follow.

Lindsay Darroch
Partner – Head of Property
www.blackadders.co.uk  

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