A British news network has issued a story about the purchases of rental properties by investors. The story notes the dramatic decrease in the number of these purchases since the government imposed a three per cent tax on the transactions in April of 2016. It noted there were 71,000 loans for rental purchases in a year since the tax was imposed, versus 142,000 the year before. The report noted that first time home buys have increased, in contrast, partly due to low interest rates.

Read more: Buy-to-let slump after stamp duty change – BBC News