HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Migrants coming to the UK will need to have a job paying at least £25,600, qualifications and speak English under a new points-based post-Brexit immigration system. Low-skilled immigration will be made impossible. EU migrants' chances of getting a work visa will be the same as from elsewhere.
Many local and overseas professionals and families have considered Kent as an ideal county to move into, contributing to its connectivity, schools, property prices, investment potential, lifestyle and natural landscape.
Millions of leaseholders will be given a new right to extend their lease by 990 years. Changes could save households from thousands to tens of thousands of pounds. Elderly also protected by reducing ground rents to zero for all new retirement properties.
When Investing in real estate in the UK, many will question which UK cities are the best to invest in and what taxes are involved? In an interview, our director, Charles Wong, pointed out that the rate of return is usually inversely proportional to the "centre" of the region, meaning that the closer to the city centre, the lower the rate of return.
The unstable pound has contrived to aid the property market after Brexit, as overseas investors have made an ever-increasing number of overtures and investments in British property.