Value of landlord portfolios rises by £38,820 despite difficult year – PropertyWire – Property Wire

Typical house prices increased by 8.6% over the course of 2020, meaning landlords saw their portfolios inflate in value by £38,820, research from Barrows and Forrester has found.

Government figures show the average house price reached £254,525 in December 2020, up from £234,412 the same month the year before.

With landlords typically owning 1.9 properties, this equates to the value of the property portfolios reaching £491,234.

James Forrester, managing director of Barrows and Forrester, said: “A sharp increases in property values brought on due to the current stamp duty holiday has caused a considerable jump in the value of buy-to-let investment portfolio up and down the nation.

“However, true to form, it seems as though the government will do their best to spoil the party with an increase in capital gains tax via next month’s budget.

“This is quite astounding given the string of changes already implemented to stamp duty

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