The repercussions of the government’s stamp duty hike on
second homes may already be starting to bite. According to research by Property
Partner, new rental properties listed by landlords in May were down 5.7% on
March levels before the surcharge was introduced. May saw 15.4% drop in new
rental property listings compared to April with 91% of towns and cities
experiencing fall in supply. New rental properties listed in London dropped by
14.1% last month. After the stampede of landlords putting rental properties on
the market in April, last month saw a sizeable, but not altogether surprising,
15.4% drop in new rental listings. Read more on 24dash.
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