HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Chancellor Rishi Sunak has extended the stamp duty holiday in the Budget. Anyone buying a home worth up to £500,000 before the end of June will now not pay the tax, and could save up to £15,000, with a reduced discount available until the end of September.
"The Bank of England has raised interest rates from 0.5% to 0.75% after much speculation. Expectations of a strengthening economy, solid employment levels, more consumer spending and the potential for wages to rise have all played a part in the decision." (BBC News)
Below is the summary of measures announced by Chancellor Rishi Sunak in the Budget.
UK house prices are up +8.1% in the year to October, taking the average UK house price to £259,100. Of the UK’s largest cities, Nottingham has the highest price growth at +10.9%.
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.