Stamp Duty Changes Encourage Non-Resident Investors to Switch to Lower Cost UK Property

Share Article

A Find UK Property survey on the buying intentions of overseas residents (either expats or foreign nationals) has shown that recent changes in Stamp Duty has resulted in a higher percentage considering lower cost properties.

2 Bed Terraced Houses for £47,950

2 Bed Terraced Houses for £47,950

“The main factor driving lower cost property sales is in fact higher rental yield rather than lower stamp duty.”

Find UK Property conducts regular surveys on expats who are looking to buy or have purchased property in the UK. Recently, in the budget, the chancellor announced changes to stamp duty that benefits buyers buying lower cost properties less than £1m. A recent survey conducted in November 2014 showed that these changes are already influencing their property decisions.

The survey showed that the percentage of clients looking at properties over £1m has fallen from a previous survey figure of 13% in a similar survey done in 2013 to just 4%. The top 3 reasons being given were lower yield on more expensive properties, lower stamp duty on lower cost properties and the possibility of a future annual mansion tax on high value properties.

Andy Noble, Senior Marketing Consultant at Find UK Property said “The main factor driving lower cost property sales is in fact rental yield, however savings on Stamp duty talk of possible future taxes on high value properties (under possible labour government) does help this trend”.

About “Find UK Property”

Find UK Property are the 'buyers' agent and specialize in helping serious overseas buyers find the most suitable investment property for their needs. The company conducts regular surveys on overseas investors and findings are printed at their “UK Property News” Blog at http://blog.findukproperty.com.

The most popular purchase are the fully managed low cost houses in the price range of £55,000 to £70,000 that come with full management, repair guarantees, and guaranteed rent. Many clients are seasoned investors who may have purchased investment property in other countries via sister companies Openshore Property and Sandcastles based in Dubai. Further details can be found on the Find UK sales website at http://www.findukproperty.com

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Hashim
Find UK Property
+44 1282882424
Email >

Jess
Visit website