The new UK government will not change the rules of the game in the real estate market

A community of homeowners in the UK hopes that the newly formed government will not be a surprise, introducing significant changes to the rules of the game in the real estate market “buy to let” in the coming two years.

Most likely, the ban on Commission to agencies will be introduced as scheduled, but other changes in taxation is unlikely.

The government’s main efforts should be aimed at balancing the private residential sector of the UK propertythat will attract investors and landlords. Now there is a situation tax burden on landlords and investors, when the market comes all the larger houses and apartments, investment which does not bring the expected income.

Meanwhile, a growing number of potential investors who are looking for a more efficient method of investing their funds. Over the past two years, homeowners in England and Wales experienced a twofold increase of the load – the first is the abolition of tax exemptions for mortgage lending and the second is a significant biphasic increase in the tax burden in the form of changes in the scale of stamp duty.

A sharp decline in the number of purchases in the “buy to let” – clear evidence that stringent criteria do not allow investors and homeowners to enter the market. This fact should serve as a signal to the government to avoid further adverse changes in the rental market of real estate of England and Wales.

® Alice Morgan. 20.06.2017 G.

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