The big news has been the election and we’ve looked at the coalition’s agreement, How is the Property Investor Impacted by the new Government? In Summary HIPS are out, EPCs still in and there is a possibility of increased Capital Gains Tax.
Both Nationwide and Halifax have seen virtually static price increases over April, although prices are 6.6-10.5% higher than April 2009, with regional variations.
The Bank of England kept the bank rate at the all time low of 0.5% and reported seeing Mortgage approvals up 4.3%
The Royal Institute of Chartered Surveyors (RICS) had a positive survey of its members, showing prices, activity and expectations rebounding in April.
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