Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Landlord Tax Holds Back Buy-to-Let Investment
A recent survey by Benham and Reeves, reported by Property118, has found that more than half of landlords in England still consider residential property a good long-term investment. However, the same survey indicates that very few landlords plan to expand their portfolios.
According to the findings, 51% of landlords remain positive about property as a long-term investment, despite increased regulation in the sector. At the same time, 63% of those surveyed intend to keep their portfolios at their current size.
The report highlights that landlord tax is a significant factor holding back further investment in the buy-to-let market. This is particularly relevant for letting agents and inventory clerks, as limited portfolio growth may impact the volume of new instructions and property management opportunities.
The survey results suggest that while confidence in the long-term value of property remains, current tax policies are influencing landlords' decisions regarding expansion.
Source: Property118