Landlords struggle as rates and regulations bite
Buying an investment property has long been a popular way for regular people to build wealth. But for landlords in two countries on opposite sides of the globe, the maths is not working any more.
With higher borrowing costs cooling real estate markets globally, a change in government policy is an added burden for mum-and-dad landlords in Britain and New Zealand. Both countries, seeking to help first-time buyers afford properties, have curtailed a tax break that allowed mortgage interest to be deducted from rental income before owners pay tax on it.
Bloomberg Wealth
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