The level of demand for properties is at a 12 year high, according to the National Association of Estate Agents. The housing market has been buoyed by the upcoming deadline for a stamp duty surcharge to be payable on the purchase of an additional home.

I do not believe that the number of purchasers will drop dramatically as a result of the new stamp duty rules and expect the demand to remain high. The bigger challenge could be the number of new properties that need to come onto the market to service the demand.