SDLT 3% Surcharge Impacting Rental Supply in High-Value Areas || Property Breaking News

Welcome to another episode of Property Breaking News! In today's video, we dive into the significant impact of the 3% Stamp Duty Land Tax (SDLT) surcharge on rental supply in high-value areas. 🏘️
This surcharge, introduced to curb property speculation, has had unintended consequences on the rental market. Join us as we explore how landlords and investors are reacting to these changes, and what it means for tenants and property prices in prime locations.
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[@Thereishope664]

And don't forget the eye watering fees that the auction houses charge to buy at auction, now nearing 4%. It's not surprising many recent auctions have hundreds of unsold lots.

[@youtubeman5033]

Stamp duty one 3% of the biggest rip offs out there,

[@rls8599]

3% of 250,000 is 7.5k not 750 as you said

[@TheIgboRenaissance]

If you ask me the Title needs editing SDLT hurts rents and rental supply everywhere!! Unless you are implying that some landlords don't pass on the costs.

[@Tony-vi7yg]

Scotland is 6%

[@FONASDeadlock]

Temporary from the Napoleonic wars always makes me smile when I hear it :)

[@leebailey229]

I stopped buying the moment the surcharge came in. Also, section 24 most definitely made further investments in the UK market pointless.

[@tomatobrush3283]

The 0% up to 250k is going up to 2% next march :(

[@Buy_YT_Views.792]

Embrace positive affirmations and self-talk to counteract negative energy. Remind yourself of your worth, strength, and potential. You have the power to overcome.

[@luvadealme]

Duh!

[@tonydrury7896]

Ranjan and Andrew needs to get their numbers right: 3% of £250,000 is £7,5000 not £700 and I think Ranjan meant Norman Osborns 3% surcharge generated £2.6 billion not £2.6million pounds in tax. Ho hum!

[@sidco123]

Ranjan do you still love the Torys? Corbyn your nemesis couldn't have been any worse!

[@gabymotsoloc9295]

2 of you keep failing to understand that If landlords stopped being landlords people would just buy cheap houses that they can't afford and resort into rending. SDLT for landlords should be 30%. Maybe Rachel Reeves will whip you once and for all into logic.

[@luvadealme]

Great comment. Also with cheap housing people would spend more in the economy. It's so obvious property hoarding has squeezed the life out of this country.