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Buy-to-let sales boom as landlords rush to benefit from stamp duty holiday


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Buy-to-let landlords are joining the rush to take advantage of the stamp duty holiday, with the proportion of property sales agreed with investors hitting its highest level in four years.

In November, landlords made 15% of agreed property purchases in England, Wales, and Scotland, more than at any time since December 2016, according to research from the estate agent Hamptons.

The Midlands and the north of England attracted the most attention from investors looking to add to their property portfolios.

 

https://www.theguardian.com/business/2020/dec/14/buy-to-let-sales-boom-as-landlords-rush-to-benefit-from-stamp-duty-holiday

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The Midlands and the north of England attracted the most attention from investors looking to add to their property portfolios.

Yep, I’m seeing this on the ground here in Salford slumlord land. No ones buying these ropey 2 bed terraces except LL and they are all selling. 

Labour initially called the stamp duty removal a ‘bung to landlords’. I don’t know why they didn’t keep raising this issue as it mostly impacts their red wall seats. 

Wales correctly didn’t grant eligibility to LL for the stamp duty cut. 

More articles like this please :) 

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