HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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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.
Tourists from Hong Kong and mainland China have started a trend. As London becomes too costly, Manchester – beneficiary of “northshoring” – has emerged as an attractive destination.
* On track for best weekly gains since March
* Trade-weighted sterling hits four-week high
* BoE says rate rise chances have risen
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.
Below is the summary of measures announced by Chancellor Rishi Sunak in the Budget.