Rents going up?
Afternoon all,
Surely with all the draconian tax changes over the last 5 years regarding the property sector rents will be increasing this year, I wonder if anybody is already seeing it and what levels of increase they expect to see?
KPMG today said they expect significant rent rises, but didn't attach a figure to their argument.
"Dermot Callinan, head of private clients at KPMG in the UK, pointed out that the past four years have seen 14 tax changes targeted at residential property and in particular buy-to-let landlords, making the economics of such an investment less and less attractive."
