Experts are split on whether new plans to crack down on bulk buying of homes will be effective
It comes as the government moved to stop investment funds outbidding ordinary buyers
The big measure announced today was increasing stamp duty from 1 per cent to 10 per cent.
This will now kick in when someone buys 10 or more houses, in a bid to discourage investment funds snapping up completed housing estates.
But, crucially, the move only applies to houses, not apartments.
Other plans to stop workers from being squeezed out by funds, such as ring-fencing a chunk of new developments for first-time buyers, are expected to be announced shortly.
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