Much like many other recent statistical updates, Imla noted next quarter’s data will give a clearer view of the referendum’s consequences, although Mr Williams argued this is by no means the only element impacting upon supply and demand in the market.
“The increased tax burdens for landlords from stamp duty reforms, changes to the wear and tear allowance, and the upcoming reduction in interest relief, may see many remortgage to a lower rate as one way of clawing back some lost income,” he added.
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