The rate of stamp duty on second homes will rise from an extra 3% to 5%, aiming to support first-time buyers and increase transactions.
Paul Johnson from the Institute for Fiscal Studies warned that renters would "pay part of the cost" as supply of rental properties may decrease due to higher duties.
Ben Beadle from the National Residential Landlords Association criticized the decision, claiming it results in fewer choices and higher rents for tenants.
Ben Twomey from Generation Rent argued that the increased stamp duty for investors will help first-time buyers compete more effectively in the housing market.
Collection
[
|
...
]