The full implications of George Osborne's buy-to-let tax measures are yet to be felt. What is certain is that private landlords will be worse off under these measures which are at best unfair, and at worst draconian.
The buy-to-let landlord is an easy political target. It is possible that these measures could lead to a further downturn in property values if a large number of landlords decide to sell.
When George Osborne announced that he was cutting the amount of mortgage interest relief landlords could claim, he stated that the aim was to level the playing field between landlords and first-time buyers. Whether his controversial measures will achieve this or not, what is clear is that property investors in Britain are taxed more harshly than those elsewhere.