Wednesday, Oct 17, 2018

Taxes on buy-to-let landlords have not pushed up rents, study says

Guardian: Vindication on rents not being driven by costs

"Warnings by landlords that taxes on buy-to-let would cripple the property market, driving down supply and pushing up rents, have turned out to be entirely hollow, according to research by campaign group Generation Rent."
So satisfying to be proved right. Although of course the long threatened rent rises are always around the corner though! Hopefully this evidence will be noticed by TBTP and recurring taxes on property (second best to land only) can be considered as first choice for rasing much needed revenue

Posted by mombers @ 08:38 AM (114 views)
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2 Comments

1. tenyearstogetmymoneyback said...

Broken link again.

I'm not surprised about the article. There is a limit to what people can afford. If rents go too high many tenants would end up back in the House of Mum and Dad or borrowing from the Bank of Mum and Dad to buy their own place.

Wednesday, October 17, 2018 09:18PM Report Comment
 

2. mombers said...

@1 the limit to what people can afford is pretty much what rents currently are. Nothing on the landlord costs side is going to change that unless there's a change in the tenant cost side. So for example if/when letting fees are properly banned or council tax is made payable by owner, there's some scope for increasing rents to trouser some or all of the tenant's saving

Thursday, October 18, 2018 11:26AM Report Comment
 

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