Landlords and second-home buyers driving majority of stamp duty revenues
Original Article Summary
In around 8% of local authorities, additional-property purchases now account for at least three-quarters of stamp duty income
PropMatch Curated Analysis
Paragon Bank analysis shows HRAD (additional dwelling) stamp duty transactions now account for over 50% of receipts in 56% of English councils, up from 22% in 2016/17, with the highest concentrations in northern urban areas like Hull, Salford and Manchester — pointing to a geographic pivot in BTL activity and warning of a two-tier investment market.
Investor Relevance
Signals that BTL investment is increasingly concentrating in cheaper northern markets due to cumulative stamp duty surcharge effects, with potential for rental inflation and stock shortages in underinvested southern areas — directly relevant to acquisition targeting, yield assumptions, and risk assessment for landlords and BTL investors across all scales.
Original Source:
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