Investment in buy-to-let plummeted to just £5bn in 2017
having been worth £35bn ($48.8bn, €39bn) in 2015. Changes to the tax treatment
and mortgage requirements are thought to be behind the slump, which IMLA
branded “excessive” and warned against “further punitive action”. As a result
of the tax changes, 21% of landlords said they would be reducing their
portfolio in the coming year. According to IMLA, buy-to-let landlords have been
good for UK housing with adjusted rental costs in real terms falling 4.4%. Read
more on the International Adviser website.
The Observer view on Dan Poulter and the failing Conservative government |
Observer Editorial
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The former Tory health minister has defected to Labour over the crisis in
the NHS and has rightly called for an early election
This week, voters across E...
1 day ago
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