Property tax rise will push more landlords to sell, Healey warned
AI Summary
A new property tax rise set to generate £575 million for the Treasury by 2028-29 is expected to increase the number of landlords deciding to sell their properties, according to Healey. Estate agents warn that this measure could exacerbate the already challenging pressures in the private rental sector. This development highlights the potential long-term impacts on housing availability and rental prices, making it a significant concern for both landlords and tenants alike.
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