Confidence in UK buy-to-let market low suggests research

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Taxation changes for buy-to-let landlords in the UK, both recent and forthcoming, seems to have dented confidence within the sector. A new report reveals that just 20% of landlords believe that money can still be made in the buy-to-let market, even though many purchased property in the last three months to beat the stamp duty reforms. The research conducted by online letting agent PropertyLetByUs, shows that 5% of landlords have sold property because of the increased tax burden and 6% plan to reduce their property portfolio and invest their capital in stocks and shares. Although landlord confidence may be down, tenant demand shows no signs of weakening, with 39% of private landlords reporting increasing demand for rental properties in the areas they operate in.

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