Buy-to-let investors adopt new strategies in UK
Buy-to-let clampdown explained: Four ways the UK tax changes would be bad for landlords. It has been just over six weeks since buy-to-let landlords were hit with tax changes designed to turn them away from investing in property.
But even the potential for dents to profits have done little to dampen buyers’ appetites.
Undeterred, bidders piled into the sale room at one of the country’s biggest property auctions this week. It was the biggest turnout auctioneers Allsop, one of Britain’s leading residential property auction houses, had seen since the start of the year.
Between 1,500 and 2,000 buyers attended the central London event and competition for each lot was fierce, particularly for investment properties in London and the South East.
Early on, one ex-council terrace hou...