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Landlords Rush to Buy Homes Amid Bank of England Worries

Aerial Views Of Residential Properties In South East England
Photographer: Chris Ratcliffe/Bloomberg
Updated on

Buy-to-let landlords are rushing to purchase U.K. homes ahead of an increase in the stamp-duty sales tax in April.

The number of homes acquired by rental homeowners rose 71 percent in January from the same month a year earlier, according to data compiled by Countrywide Plc. the U.K.’s largest realtor. Landlords purchased 21 percent of all the homes sold in the period, compared with 17 percent a year earlier, Countrywide said.