house
UK increases stamp duty for foreign property buyers
The stamp duty surcharge will begin to be collected from April 2021. This decision may lead to a temporary surge in the activity of foreign investors in the country’s market, writes Mansion Global.
The Chancellor of the exchequer of the United Kingdom, Rishi Sunak, announced that from April 2021, an additional stamp duty of 2% will be introduced for foreign buyers of real estate.
Despite the fact that the amount of the fee was less than expected, the new tax may be an unfortunate step for the local real estate market, which has just begun to recover. Continue reading
Named countries with the fastest growth in real estate prices
Last year was a good year for the world’s main housing markets. However, global uncertainty does not contribute to the continued boom in property prices, writes Global Property Guide.
Real house prices, adjusted for inflation, rose in 31 of the 51 global markets for which data is available.
However, the global economic and political uncertainty is not conducive to the continuation of the boom in the housing market. According to experts, North America is at the end of a long economic growth cycle. Continue reading
