insideKENT Magazine Issue 49 - April 2016 - Page 149

PROPERTY Are South East buy-to-let investors ahead of the game in beating stamp duty rises? The latest survey from the Royal Institution of Chartered Surveyors (RICS) suggests that the rush on buy-to-let properties is already fading in the South East with time almost up to complete sales before April. The increase in new buyer enquiries was fairly modest with only 11% more respondents seeing an increase in buyer demand rather than a fall according to the RICS UK Residential Market Survey, February 2016. This compares with a balance of +15% across the UK as a whole. Newly agreed sales have neither risen nor fallen in February with a net balance of 0%. In January 29% of surveyors saw a rise in sales rather than a fall. However, South East respondents remain optimistic as 37% more expect sales to rise over the next three months rather than fall. This bucks the national trend where expectations appear to be that the growth in sal W2v