Rental Market News

Estate Agent

5 Albemarle Rd, Beckenham
BR3 5LN Beckenham
United Kingdom

additional 3% on stamp duty on second homes, at a time when more people are looking to rent, partly because they cannot afford to buy their own homes, the property group says that the widening supply-demand imbalance will inevitably push up rents.



Countrywide estimates that rents are likely to rise 2.5% in 2019, followed by growth of 3% in 2020 and a further 2% in 2021.



Countrywide says that since the 3% stamp duty surcharge was introduced in April 2016, 120,000 more landlords have sold their buy to lets than purchased new properties and this is contributing to low stock levels in the rental market.



https://www.landlordtoday.co.uk/breaking-news/2018/12/rents-set-to-rise-7-5-over-the-next-three-years

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