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.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
-
Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
8 hours ago
No comments:
Post a Comment