The English real estate market has always been a hot topic of conversation for investors and the reasoning behind this is simple. Firstly, London is the undisputed queen of the most expensive cities for real estate investments. In addition to this, the policies put into action by the government to impede the ever increasing prices of English properties renders the matter all the more intriguing.
The last measure introduced was the scheme “Help to Buy” in order to assist first time buyers. According to experts in the sector, this scheme along with other measures introduced by the government has put the entire English real estate sector at risk.
Furthermore, the government has decided to put residents and foreign investors on the same level. The tax which has been imposed shall kick off from April 2015, which will undoubtedly affect the capital gain, that is to say the difference between the buying price and the selling price of a property.
Currently this tax only affects citizens that sell a property different from that in which they reside. However, following this legislation the payment of this levy will also be imposed on those who invest in the English real estate market without being resident.