Tuesday, August 11, 2020

Foreign buyer current discounts

Looming 2% surcharge sees foreign buyers move on London stamp duty hotspots

"However, there are two other areas offering better value for foreign buyers at present. In the last year, house prices in the City of London have fallen by £60,868. When combining this reduced cost of investing with the £30,851 stamp duty saving made by buying now, foreign buyers are some £91,720 better off investing in the London property market at present." This article doesn't mention the pound also down about 6% roughly against dollar etc compared with this time last year.

Posted by stillthinking @ 07:21 AM (1311 views)
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