Buy-to-let property market ‘has recovered after stamp duty hike’

Interest in the buy-to-let property market from investors has bounced back following a stamp duty hike for the sector in April, according to a property website.
Rightmove said the number of number of inquiries from landlords and investors about buy-to-let property purchases was up by nearly a third (30%) in September compared with May.

On April 1, a three percentage point stamp duty increase came into force for people buying second homes, including buy-to-let properties, in England, Wales and Northern Ireland. Stamp duty has been abolished in Scotland, but a similar tax increase came into force to mirror the changes in the rest of the UK.

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