Residential rents are set to go up in 2016 and in the
home buying market there is likely to be a growing struggle for those seeking
to get on the housing market, according to a joint report from agents.
According to the Association of Residential Letting Agents (ARLA) there are
various pieces of legislation coming into play in 2016 which will result in
increased compliance costs for landlords, and as a result push up rents for
tenants. ‘We urge the Government to re-think its proposals around reducing
Mortgage Interest Relief, scrapping the Wear and Tear Allowance and hiking up
Stamp Duty by 3% on buy to let properties,’ said David Cox, ARLA managing
director. Read more on the Property Wire website.
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