A 17% increase since pre-stamp duty surcharge which was introduced on second homes 3 years ago
- Nearly three in five (59%) London-based landlords purchased their buy-to-let properties outside the capital during the last 12 months, up from one in four (25%) in 2010.
- 34% of London-based investors bought buy-to-lets in the Midlands and North during the last 12 months, up from just 14% in 2015 and 4% in 2010.
- A landlord buying in London during the last 12 months faced a £24,600 stamp duty bill on average, compared to £5,330 for an investor buying outside the capital.
- Rents in Great Britain increased 1.9% year-on-year in March, driven by a 3.7% rise in Greater London where rents hit a record high.