Squires House Properties is pleased to report that the number of transactions carried out in the first 6 months trading (March -October) has exceeded the levels experienced in 2006-7 making this year on target to become the company’s best ever. Activity has again been countrywide although we have noticed pockets of increased activity in the South East and South West. We have been involved with a number of very large portfolios of both regulated and assured shorthold tenancies predominantly in the North and North West of England.
As expected activity slowed over Xmas but the market has been quick to regain momentum in January as sellers are keen to take advantage of good prices before the long awaited increase in interest rates. This has allowed sellers to free up assets to take advantage of other investment opportunities. The recent changes to tax breaks and stamp duty for BUY TO LET investors will, without doubt, have an impact and we expect that prices may see a short term realignment. Squires House Properties remains committed to investing in residential and commercial properties and has recently been allocated a significant next tranche of funding to facilitate acquisitions.
