One quarter of property sales in UK is second home or buy-to-let
Analysis of HMRC data reveals that approximately 25% of properties bought in the UK during the third quarter of this year were a buy-to-let or second home purchase. 56,100 homes sold during this time frame were subject to the 3% stamp duty surcharge that came into effect earlier this year.
Although the purchase of additional homes dropped in the second quarter of the year – a traditionally quieter period, sales doubled during the third quarter.
Full story available from BuyAssociation: https://www.buyassociation.co.uk/2016/11/02/one-four-property-sales-uk-buy-let-second-home/