HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to keep the property market firing as Britain emerges from lockdown.
Demand for income-producing residential assets in the UK has risen sharply over the past few years on the back of a burgeoning private rental sector and a desire among investors to diversify into new asset classes offering stable income streams.
While Brexit has caused GBP to falter, Hong Kong real-estate tycoons have been quick to take advantage of the weakened currency to start building their property empire in the UK
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.
Unveiling its policy plans as the Conservative Party conference began yesterday, the government said it would begin consultations on Sunday to increase the stamp duty on individuals and companies not paying tax in the UK.