80% slump in investment in buy-to-let sector in two years
A new report from the the Intermediary Mortgage Lenders Association (IMLA) suggests that a slump has occurred in the buy-to-let property sector as a result of policy layering and regulatory changes which have deterred landlords from maintaining levels of investment in the Private Rental Sector (PRS), in turn pushing up rents and reducing supply.
The analysis reveals that net investment in buy to let has fallen steeply by 80% from £25 billion in 2015 to £5 billion in 2017.
This slump in investment represents a steeper fall than after the financial crisis of 2007 and the report suggests that the downturn in landlords’ activity is due to recent tax and regulatory changes.
Full story available from PropertyWire: https://www.propertywire.com/news/uk/analysis-reveals-investment-uk-buy-let-sector-slumped-80-two-years/