Agents predict fall in rental stock in UK
The latest report from the Association of Residential Letting Agents (ARLA) indicates that 40% of letting agents predict that the supply of rental properties will decrease over the next five years. The findings appear to be a result of the Chancellor’s autumn statement which introduced changes to stamp duty charges for second properties. The managing director of ARLA, David Cox, commented that the duty increases will make buy-to-let properties less profitable and discourage would be investors from acquiring rental properties.
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