‘Brexit’ and Taxes Play Tug of War on British Housing MarketBy
Investors are buying properties before April stamp-duty hike
Uncertainty around EU referendum weighs on London outlook
The U.K. housing market is being pulled in different directions as buyers try to beat a looming tax increase and uncertainty over the country’s referendum on European Union membership weighs on sentiment.
Nationally, house prices rose 0.8 percent in February, according to LSL and Acadata, with demand from landlords and second-home buyers helping to boost sales by 12 percent on the month. In central London, the Royal Institution of Chartered Surveyors said uncertainty surrounding the “Brexit” vote is weighing on the outlook…
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