Thursday, September 13, 2007
Be our guest, chase the market down
"Our in-house research suggests that many of the 14,000 landlords registered with our site are selling their properties at once. It seems that UK landlords are looking to buy more property but a lot have decided to cash in on their domestic investments, with some of them making £80,000 profit in six years from a simple two bed terraced house. They have decided that market conditions are looking bleak here, so they're paying off debts and trying their luck abroad. However, many have failed to allow for capital gains tax, which has hit some hard."