A quarter of properties snapped up by buyers in the
summer were either as a buy-to-let or a second home. Despite typical stamp duty
costs tripling for second home buyers in April, HMRC data shows that 56,100 of
235,000 property purchases in the third quarter included the additional
surcharge. This stamp duty hike clawed in an extra £440million for the taxman
in the three month period to September. The statistics show in the three months
of April, May and June, 30,300 of 207,900 purchases were for second properties,
indicating investors had already rushed to beat the 1 April hike. This data
indicates that despite the extra costs and the EU referendum decision, appetite
for buy-to-let remains robust. Read more on the Daily Mail website.
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