DIRECTOR, DOUGLAS & GORDON
Demand to buy in D&G land continues to rise, with a 30% increase in comparison to this time last year. The majority of activity is clearly taking place in the £350,000-£750,000 and £1m-£2m levels implying on going SDLT/Mansion tax concerns and a desire to invest in buy to let property.
The second phase of the Government’s Help to Buy scheme is launching in January and as a result, areas such as East Putney, Clapham and Battersea are expected to expected to experience a surge in demand.
Press talk of a boom may be a bit wide of the mark but another year of modest above inflation gains look assured given all of the above.