More than 10% of all properties currently listed for sale have been rented at some point in the last three years – the highest proportion seen in a decade. Had Capital Gains Tax on property increased, this figure might have decreased, as investors typically prefer to hold onto assets rather than pay higher taxes. With no hike in sight, however, this trend appears set to continue, potentially opening doors for buyers to secure deals from “tired” landlords looking to offload their rental properties.
