Overseas Buyers Face Double Stamp Duty
The UK government should double the stamp duty surcharge overseas buyers must pay when purchasing a property in England, an industry lobby group has said. The National Association of Property Buyers (NAPB) said doubling the stamp duty surcharge would “level the playing field” amid an influx of “wealthy foreign buyers”. Under current rules, overseas buyers […]
Number of overseas landlords with UK properties hits five-year high
If the latest figures highlighting the number of overseas landlords owning property in the UK is anything to go by then Brexit hasn’t deterred investment in the UK property market. According to the most recent data, the figure stands at a five-year high of 184,000 – marking an increase of 19% over five years, when […]