Property owners in London are reviewing their strategies

The proportion of homeowners in Central London, who intend to sell their property has increased 4 times . The national Association of Landlords in your report cites that a year ago the owners of residential property in Central London was only 4% and now 19%.

There are a number of factors that have led to lower profitability from the rental of the UK property to rent.

First, changes in the tax laws of the United Kingdom associated with the cancellation of preferential mortgage interest rates, will lead to the fact that some homeowners will fall into a higher tax category, which will increase the tax burden on homeowners.

In addition, changing the system of calculating days sales outstanding Tax, when the tax for recipients of income from the rental of residential property in the UK will be calculated on turnover , not profit.

It is likely that the market will be exposed quite a lot of real estate in London for sale. Meanwhile, all is not bleak and 59% of homeowners intend not only to sell their property, but to further increase investment. However, the majority of investors stated that they will revise their strategies in view of the changed financial circumstances.

In a study conducted by crowdfunding platform, Property Partner also noted that 27% of homeowners have no practical understanding of exactly how the changes will affect their financial situation, 41% said they continue to invest in London real estate and 38% are willing to invest in changing their financial strategy.

® Maxim Savitsky. G. 09.03.2016

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