Property News · March 3, 2020

London’s prime residential rents rise as landlords withhold supply to avoid taxes designed to bring down prices: Knight Frank


Rental rates in London’s top residential markets are on the rise as some landlords withdraw properties from the market to avoid paying taxes that were introduced to make housing in the UK capital more affordable, says Knight Frank.Demand for flats keeps building as those owners withhold leasing supply to avoid charges like stamp duties, according to a survey by the property consultant.“This is part of a national government drive to reduce rents, but they have made it less attractive for…

Source : South China Morning Post
Read more…London’s prime residential rents rise as landlords withhold supply to avoid taxes designed to bring down prices: Knight Frank

You may also like...