Surveyors have suggested that stamp duty and other tax changes will mean landlords may reduce the properties they have on their books, leading to sharp rent rises.
According to the Royal Institution of Chartered Surveyors (RICS), rental prices could rise faster than house prices over the next five years, as the result of more tenants chasing fewer rental properties.
Beavis Morgan – Specialist property advisers
At Beavis Morgan, we have extensive experience in advising individuals and businesses on all aspects of the property market. We act for a broad range of property investors and developers who actively need advice on how to best structure their property deals, both to ring-fence and protect their property assets, as well as to minimise the tax arising from their business operations.
For further information about how we can help you with your property ambitions, contact Steve Govey or your usual Beavis Morgan Partner.
Further reading: Landlords make their move to avoid tax increase and maintain profit