What will happen to the property market in 2016? The property market will have rather more on its plate in 2016 than the perennial issue of whether house prices will go up or down. The r ecent decision of the US central bank, the Federal Reserve, to raise interest rates for the first time since the summer of 2006, has opened the door for the Bank of England finally to follow suit. And one thing that will certainly happen in England and Wales is that from April, stamp duty rates will be jacked up for anyone buying a home that is not their main residence. A similar change will happen in Scotland. That will make things m ore expensive for second-home buyers and buy-to-let landlords , and deter some potential buyers altogether. So, after a few years in which the the mortgage tap has been turned back on and sales have revived, the property market is in line to receive some jolts. Hard times for landlords Who woul...
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