The UK plans to launch a public registry of property-owning foreign company owners within its territory by 2021. Owners concealing information will be penalised with up to 5 years’ imprisonment.
The world’s most senior PropTech summit for real estate innovators with over 300 attendees from over 45 countries is back in London on 26 September 2018.
The volume of online transactions is growing by about 20% per year. If this trend continues, e-commerce will reach €4.4 trillion annually by 2020. How will this affect street retail properties?
Experienced investors know that everything matters when it comes to property purchase, and deciding on a street is as important as choosing a city or a country.
The United Kingdom is the second most popular destination for education after the USA. Tuition fees are high but the alumni of top British universities benefit from international recognition and have great career prospects worldwide.
Buying property in the UK will not help or simplify residence or citizenship applications. The rights, rules and obligations of foreign citizens in the UK, as well as visa and residence permit requirements can be found on the UK Home Office website.
UK taxes are quite high, especially stamp duty and income tax. Foreign buyers should consult a tax advisor before purchasing real estate to simplify the registration process and minimize the tax burden.
Non-residents can obtain mortgage loans in the United Kingdom on practically the same terms as UK citizens. However, not every UK bank provides loans to non-EU residents. One key advantage of UK mortgages is the relatively small down payment (starting from 20% of the property value). Short loan terms are a key disadvantage (up to five years).
The British real estate market is very diverse and while London is overheating but set for good returns, buyers can also find good deals if they head northwards. Foreign citizens buying property in the UK have the same rights as the British and the whole process only takes 4–8 weeks.
The results of the UK parliamentary election mean that neither party have a majority of seats in the House of Commons. With Brexit also on the agenda, real estate brokerage Tranio presents its analysis
Real estate investment funds have an influential impact on property markets around the world. In this article, Tranio expert Yulia Kozhevnikova explains how they work.
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In 2016, Russian overseas property investors shifted their focus away from holiday homes and toward commercial properties in stable markets.
Considering changing homes in the UK? Be sure to read this report from Property Division first.