RICS have released that landlords are selling up at the highest rate for 3 years (6.5% sell at the end of a tenancy rather than 6.1%) This will have an effect on the housing market as more properties become available.
The suprise is though they are doing it now. In April they can expect that the capital gains rate will fall from 40% to 18% so why sell now?
Perhaps they don't expect the property to sell before April?
Monday, 17 December 2007
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