Experts are reporting that the UK’s rising tax rates are only making our residential property market less attractive to any wealthy overseas buyers.
As a prime central London buying agent who deals with numerous Middle East investors, Black Brick’s Founder and Managing Partner, Camilla Dell shared her perspective on the matter in a new piece for The National this week.
“Whether you are buying property in New York, London, Hong Kong, Singapore or Sydney – there is significant tax and other additional costs, such as agency fees, to pay,” she said, adding that wealthy buyers should expect to pay high levels of tax when purchasing property in such a sought-after city like London.
Read more in the full article here.