Landlords have ‘shrugged off’ stamp duty hike since budget says Hamptons

The report follows the labour party increasing stamp duty on second homes from 3% to 5%.

According to the findings, in the first month following the increase announced in the Budget, landlords bought 10.7% of homes bought in Great Britain, above the 10.2% 2024 average.

The number of investors who pulled out of agreed purchases last month also remained at half of what was seen after interest rate spike following the mini budget.

The report also said that rental growth dropped to the lowest rate for four years in November, with a 2.6% rise across Great Britain over the past year.

However, the stamp duty surcharge hike has continued to push landlord purchases further north, with lower property prices on average resulting in smaller stamp duty bills in cash terms, said Hamptons.