{"id":1368,"date":"2016-10-16T07:00:46","date_gmt":"2016-10-16T06:00:46","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1368"},"modified":"2023-09-26T14:16:22","modified_gmt":"2023-09-26T13:16:22","slug":"housing-stock-falls-positive-buy-let-news","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/16\/housing-stock-falls-positive-buy-let-news\/","title":{"rendered":"Housing stock falls on positive buy-to-let news"},"content":{"rendered":"

Leading property portal Rightmove.co.uk has released its latest research findings suggesting the buy-to-let market in the UK has shrugged off Stamp Duty rises and Brexit to return to a positive outlook.<\/strong><\/p>\n

Their Rental Trends Tracker for the third quarter of 2016 shows buyer enquiries from potential landlords and investors are now up 30% since May, while new rental listings on the portal this quarter are 6% higher than in 2015.<\/p>\n

These results follow a slump in interest after the new Stamp Duty rules<\/a> designed to encourage more professionalism in the private rented sector came into force in April, coupled with the surprise vote to leave the EU.<\/p>\n

Sam Mitchell, head of lettings for Rightmove, commented, \u201cInvestor activity has bounced back following the stamp duty changes, though some agents report that many investors are looking to knock sellers down on their asking prices to make up for the additional Stamp Duty they now need to pay. New rental supply has held up despite concerns that the Stamp Duty changes would lead to less fresh stock.\u201d<\/p>\n

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