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  1. #1
    AtW
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    Default Buy-to-let DOOM: investors 'to sell 500,000 properties' as confidence plummets

    "Landlords will sell 500,000 properties in the next 12 months, according to new research from buy-to-let investor trade body the National Landlords Association (NLA).

    It says landlord confidence is at its lowest ebb since the dark days of the banking crisis.

    The proportion of landlords looking to sell in the next 12 months has more than doubled since July 2015.

    The sudden pessimism follows George Osborne’s double-whammy tax attack on the sector. In his July Budget he announced the removal of landlords' mortgage interest tax relief which, when fully implemented in 2020-21, will mean some landlords pay tax on zero income or even on losses.

    And in November he announced that landlords would pay a 3pc stamp duty surcharge, coming in from this April.

    Mr Osbornes said the policies were aimed at "creating a level playing field" in Britain's under-supplied property market. "

    Source: Buy-to-let investors 'to sell 500,000 properties' as confidence plummets - Telegraph

    So, Osborne will make a killing on stamp duty ... which is nice.

  2. #2

    Contractor Among Contractors

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    So who's going to buy them?

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    Richer than sasguru

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    Quote Originally Posted by tomtomagain View Post
    So who's going to buy them?
    Chinese BTL companies I expect.
    Patiently waiting for the much publicised and feared Brexit Doom.....

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    Quote Originally Posted by tomtomagain View Post
    So who's going to buy them?
    All the people desperate to buy, who think the lower prices are a bargain
    Quote Originally Posted by MaryPoppins View Post
    I'd still not breastfeed a nazi
    Quote Originally Posted by vetran View Post
    Urine is quite nourishing

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    Richer than sasguru

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    Quote Originally Posted by d000hg View Post
    All the people desperate to buy, who think the lower prices are a bargain
    So the Chinese then.
    Patiently waiting for the much publicised and feared Brexit Doom.....

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    And how many BTL's are "normally" sold over a 12 month period?

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    There was an article in the Standard about this - namely they searched rightmove for flats in Battersea & saw

    Brand New : 990
    Pre Owned : 929


    That's an awful lot of flats on the market for just one chunk of London and the suggestion was there is an over supply which suggests a market correction

    Do we need more immigrants?
    How fortunate for governments that the people they administer don't think

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    Quote Originally Posted by DimPrawn View Post
    So the Chinese then.
    I thought they only bought in London
    Quote Originally Posted by MaryPoppins View Post
    I'd still not breastfeed a nazi
    Quote Originally Posted by vetran View Post
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  9. #9

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    Quote Originally Posted by d000hg View Post
    I thought they only bought in London
    Or Arabs or maybe Russian arms dealers looking to make some of their billions a bit more "legit".

    Buy-to-let tycoons Fergus and Judith Wilson sell property empire in Kent to Arab investors | This is Money
    Patiently waiting for the much publicised and feared Brexit Doom.....

  10. #10

    More time posting than coding

    Danglekt is good enough for Jehovah!


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    we are buying the house we currently rent, as the landlord wants rid before April. To be fair he has been nagging us about it since we moved in 5 years ago but we dcouldnt at the time
    Last edited by Danglekt; 4th February 2016 at 11:00.

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