Buy-To-Let Stamp Duty Reform Will Push Private Sector Rents Higher

Tenants in the private rented sector (PRS) face the prospect of even higher rents with changes to Stamp Duty, according to the Association of Residential Letting Agents (ARLA). Furthermore, the organisation has warned that the increase in duty imposed on buy-to-let properties will trigger a decline in the supply of properties for rent. The organisation found 52% of letting agents reported an uplift in interest from buyers looking to invest in BTL properties before the stamp duty reforms came into effect – an increase from 47% in January. However, 63% predict that supply will fall as landlords are “pushed” out of the market. 57% of ARLA members agree rents will be pushed up once the stamp duty reforms have come in to effect.  Read more on the Housing Excellence website.