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.
Tory plan to ban foreign nationals from social housing condemned as
‘divisive’
-
Housing charity says move would drive up homelessness, while Labour
dismisses proposal as ‘unserious’
Plans to ban foreign nationals from social housing ...
3 days ago
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