The UK buy to let market is beginning to show early signs of a slump, according to data collected by Right move. The recent data shows that there has been a 27% fall in interest in properties from buy to let investors over the last 12 months. This is quite a considerable drop, however, what makes this statistic even more interesting is that in comparison with this time last year, interest in Buy to let investment was up 24%.

The beginning of April saw changes to Stamp Duty Land Tax meaning there is now a 3% increase on any purchase of buy to let properties. With this increase in place and the added uncertainty surrounding the possible Brexit, experts predicted that we would begin to see property transactions in 2016 slowdown as many investors decide what the best move will be to protect their profits.

Head of Lettings, Sam Mitchell, is unsure whether the slowdown is a knee jerk reaction to potential changes or a genuine long term shift in the market, he stated: "This waning of interest definitely seems to predict a slowdown in the buy-to-let market, but what’s not yet clear is if this will only turn out to be a short-term pause." Mitchell went on to say that: “It could be that some investors are waiting until the tax changes have some time to bed in before they review their business and continue to make purchases.”

One the other side of all this we have those who are looking to buy their first home and demand for properties across the board has never been higher with the short supply of available homes. This slump in the market could be an ideal opportunity for first time buyers with a deposit ready to get their foot on the first rung of the property ladder.