UK is facing significant changes in the private landlord industry. Many regulations are changing and new taxes are being introduced. This is currently being debated broadly in UK. Despite this put pressure on the local player, the changes create a lot of opportunities for long term professional investors. K&L sees many new opportunities available on the market thanks to the changing environment.
Article highlights: Auction houses have seen a rush of business as buyers try to purchase before the stamp duty changes hit buy-to-let landlords on April 1. Allsop, an auction house based in London, has 311 properties on its books for the next auction on February 18, up from 255 this time last year. McHugh and Co, another London-based auctioneer, has 99 properties on its books this month, when normally there are 50 to 75.
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