UK Buy-To-Let Investment Slumps 80%

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.

https://international-adviser.com/uk-buy-let-investment-slumps-80/