Landlords have reduced the level of investment in London by more than half, as recently introduced tax and regulatory changes bite.
Figures from UK Finance show buy-to-let landlords took out just 1,126 mortgages for purchases of properties in London in the first quarter, against a quarterly average of 2,500 in 2014 and 2015.
The same issues also prompted a fall in buy-to-let investment in Greater Manchester, but to a much lesser extent – 840 for Q1 against an average of 1,000.
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