The spike in rental property sales across London suggests a shift in the market, with nearly one-third of homes for sale being former rentals, reflecting declining landlord interest.
Rightmove indicated that while the data reveals increased sales of previously rented properties, it's yet unclear if this signifies a mass exodus of landlords, but rather a gradual decline in appeal.
With anticipated tax hikes on the horizon, particularly regarding Capital Gains Tax, landlords are feeling additional pressure, signaling a potential transformation in the buy-to-let investment landscape.
Concerns have arisen over the October budget's contents following a significant public finance deficit, leading to speculation about tax reforms that could heavily impact the buy-to-let market.
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