UK housing market: what to expect in 2017

There have been two significant influences on the housing market in 2016: stamp duty and the EU referendum result.

Stamp duty changes introduced two years ago had already started to have an impact at the top of the market, where the upfront cost of buying a home had increased substantially. Another change, the introduction of a higher rate of duty on second homes, was introduced in April.

From the beginning of the year, the Brexit poll had triggered uncertainty in the market and the shock result ensured that the feeling will linger into 2017. Here is a round-up of the state of the British property market in 2016 and where it could be heading in 2017.…