Britain’s Landlord Selloff May Be Much Bigger Than First Thought
- A rise in tax disposals suggests buy-to-let owners are selling
- Landlords are under pressure from BOE rate hikes, tougher laws
This article is for subscribers only.
The bad news keeps on coming for Britain’s rental market as a rise in tax proceeds from property disposals hints at a bigger-than-expected selloff by the nation’s landlords.
The amount of homes sold by landlords rose to 25,000 between April and May from 22,000 in February and March, according to forecasts based on an analysis of capital gains tax receipts compiled by Savills Plc.