The CGT changes could further reduce the availability of rental property and push up rents

Jeremy Leaf, north London estate agent and a former RICS residential chairman: "Whether changes in holiday letting arrangements and the reduction in capital gains tax will prove beneficial remain to be seen.

“The reduction in CGT could encourage even more BTL investors who were thinking of selling up to leave the market in case a Labour government increases CGT again in the future. This could further reduce the availability of rental property and push up rents, making it more difficult for tenants and young people in particular."