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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 second-home purchases was introduced in April 2016. Now, landlords are facing a second hit with a reduction in tax relief for rental income introduced last month.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
