Private landlords SELLING rental property after tax changes for buy to let investors

In their monthly report, RICS point to 22 per cent of their membership observing a drop-off in landlords advertising rental properties to let in their area, and highlight that reducing numbers of private rental stock is a direct result of taxation changes for buy to let investors, leading to smaller scale landlords exiting the sector.  Meanwhile, tenant demand continues to increase in most of the UK, leading to upwards pressure on rents.   In fact, RICS anticipate that this shortage could create a rise of two per cent on the…

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Selling your home: The top UK cities for selling a £1 million property fast | Property | Life & Style

With taxes, stamp duty, uncertain buyers and agency fees, it can be difficult to sell your home, especially when it falls into the price bracket of £1 million or more. A recent report by Rightmove has revealed the top places in the UK for shifting homes quickly on the market for £1 million. The Office of National Statistics reported that the average selling price of a home in the UK is £224,000, a much lower amount than those with a £1 million asking price. These homes sell in an average…

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