Buy to let sales, or people looking to buy a place to rent out, increased almost 11% for November. This is seen as part of an overall trend across the UK in general increase. The experts are unsure if this huge uptick will continue into 2018 due to increases in stamp tax, burdens to loans and changes in tax structure, all of which may dissuade otherwise eager landlord owners to actually purchase more homes or get out of them entirely, selling the parcel to people who want to reside their primarily instead of using it as a rental property.

Key Takeaways:

• Positive growth in all areas were seen across the region with Wales leading the way
• Buy-to-let sales have shown major growth and have a four month growth spike
• There is doubt to continued growth due to changes in tax schemes and lowered benefits for buy-to-let owners.

“Buy-to-let sales saw a monthly rise of 10.8%, or £334.1 million, in November, while residential figures increased by 2.5% (£303.3 million), according to Equifax Touchstone data.”

Read more: https://www.financialreporter.co.uk/mortgages/buy-to-let-sales-rebound-by-11-in-november.html