You are here

London landlord home sales slump on tax changes

Units bought to rent out in London dropped to 12% of the total in February from 20% a year earlier

BT_20170515_CPPLAND15_2885903.jpg
The proportion of homes bought to rent out in London tumbled after an additional 3 per cent tax on second-home purchases and a reduction in tax relief for rental income were introduced.

London

JENNIFER Pickford, a 39-year-old owner of four London rental properties, is not only avoiding purchasing more, she's considering selling the ones she has. She isn't alone.

The proportion of homes bought to rent out in the capital tumbled after an additional 3 per cent tax on

sentifi.com

Market voices on:

Powered by GET.comGetCom