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Well its very interesting out there in housing ville.
The government announcement around taxing property seems to have caused a two tier split in the market. Looks like investors have become cautious around purchasing any more property until certainty is back, whereas home owners don't feel like they will be affected and so are carrying on as normal.
Some investors are also deciding to sell now, as they feel that owning property in the future will not be as lucrative as it used to be and are getting out now before the rush.
Any certainty returning for investors may not happen until May which is when i believe the Government have said they will officially announce the tax changes.
Will this uncertainty have the overall effect of slowing the market? is this what the government had planned all along to ensure that the housing market did not take off again - there's nothing like uncertainty to cause people to wait?
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