The decision announced today that foreign owners of property in the UK that is not their main residence will pay capital gains tax is unlikely to have much impact on overseas buyers, according to property experts.
Average UK house prices increased by 0.9% in October and are up 11.5% year on year, taking the average value of a home to £191,343, according to the latest data from haart estate agents which cover a network of over 100 branches around the country.
Improved tourism and a better economic outlook in the Bahamas is creating conditions where property prices are expected to rise and the number of transactions grow, it is claimed.
London needs to see a level of house building unseen in the city since the 1930s to meet the needs of its expanding population but thought needs to be put into where, according to the mayor Boris Johnson.
Real Estate News
Dec 2, 2013
Calls for shared property ownership in the UK to be expanded
A major expansion of newly built shared ownership could help low and modest income working families across the UK onto the property ladder, while keeping their housing costs affordable, according to a new analysis from an independent think tank.
Residential building approvals in Australia only eased slightly in October after hitting their highest level in three and a half years in September, according to the latest figures from the Australian Bureau of Statistics.
Home prices in Miami, one of the most popular markets for overseas buyers in the United States have increased for 23 months in a row year on year.
Real Estate News
Nov 29, 2013
Average country house prices in the UK starting to rise again, latest index report shows
Average prices for prime country homes in the UK are starting to rise but remain around 20% below their market peak in the third quarter of 2007, according to the latest market report from Knight Frank.