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Rise in stamp duty will push up rents

The new buy-to-let stamp duty reforms will push up rent costs and trigger a decline in the supply of available properties, a new survey has revealed. According to the Association of Residential Letting Agents, over half (52%) of letting agents reported an increase in buyers looking to invest in buy-to-let property before the stamp duty deadline in February, up 47% from the previous month. However, nearly two-thirds (63%) predict supply will fall as landlords are pushed out of the market. Almost six in 10 (57%) ARLA members agree rents will be pushed up.
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