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  • Buy-to-Let

    Buy-to-let transactions slump by more than 11%

    In all the pre and post Xmas excitement, I missed this item from Damian Fantato at FT Adviser

    http://www.ftadviser.com/2015/12/22/mort...ticle.html

    He begins "The number of seasonally adjusted buy-to-let transactions has slumped to its lowest level for more than a year, according to HM Revenue and Customs figures.


    During November there were more than 8,900 transactions, compared to 10,130 in the month before and 9,690 in September.

    The slump coincided with the announcement of a new rate of Stamp Duty in the Autumn Statement, meaning buy-to-let investors and owners of second homes will pay 3 per cent more from next April."

    There is also a link to the monthly HMRC UK Property Transaction Statistics document from which it quotes.

    It seems to me unlikely that the announced SDLT change was solely responsible for the 'slump', since the effects only come in next April, but taken on top of all the other BTL regulation and taxation changes this year, was it the 'final straw' for many potential investors, and is it just the start of the general slide in the PRS that so many on PT have been predicting?
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