Landlord Purchases Down 30% In 3 Years

During the first half of 2018, landlords spent £12.1bn on new buy-to-let purchases - a £5.2bn or 30% drop in value than the same period during 2015 according to the latest report from Hamptons International. The total value of homes purchased by landlords has reached the lowest level in five years (since H1 2013 - £11.2 billion), having peaked in H1 2016 at £21.2 billion when second homeowners rushed to beat the 3% stamp duty surcharge which was introduced in April 2016. Read more on the property reporter website.

http://www.propertyreporter.co.uk/landlords/landlord-purchases-down-30-in-3-years.html