Crowdfunding platform to market real estate UK House Crowd conducted a survey among investors and homeowners asking the question, as, in their opinion, a three percent increase in Stamp duty will affect the UK property market.
About 66% of homeowners said it was very bad news for them and about one-fifth of the respondents of landlords are planning to leave the market “buy to let” this year.
Investors in UK property are feeling attacked from two sides. First, they were deprived of tax privileges at payment of mortgage loans for purposes of calculating tax on capital gains (Capital Gain). Second, they have to pay 3% more Stamp duty. More than 70% of respondents believe that such an attack will have a negative impact on their activities and to make a profit will be much more difficult, and 43% of investors believes that the government is deliberately trying to remove the small investors from the market.
More than half of the respondents believe that as a result of these measures for regulating the market in UK property, the market will take pedobrazovanie homeowners and the market will become more honest and more transparent. 38% said that now investors need to exercise flexibility and resourcefulness to stay in the market , and 33% admitted that they will continue to look for investment opportunities in the market of real estate of great Britain, as other types of assets are less profitable and more risky.
57% think that the property market in the UK will remain attractive and still profitable due to a total lack of properties for sale in the market – despite the rapid growth of residential property market in the UK, prices in the housing market will outpace inflation in the country.
However, small investors will experience difficulties with the availability on the market, and some even leave the market.
®Maxim Savitsky G. 21.03.2016
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