Manchester’s property market has continued to boom, catching the attention of both overseas and UK investors. This growth has been driven by Manchester’s strong local economy, its transformation with investment into transport, health and technology facilities by the Northern Powerhouse Investment Fund, plus its increase of businesses and population growth. In addition to these factors, Manchester has also been highly popular amongst young professionals and foreigners, seeing an influx of migration nationally and internationally.
Liverpool has seen a growth of attraction amongst investors in recent years. This growth has been driven by a plethora of factors, including the city’s extensive regeneration projects which bolstered the local economy and the rise of population. Liverpool has undergone a full transformation, which had a positive effect on Liverpool’s property market.
Are the recent changes in stamp duty for UK property investors right or wrong?
Petty, shallow and stupid. That pretty much sums up the government’s new 3 per cent stamp duty surcharge on additional properties, announced by the chancellor in the Autumn Statement last week. Beyond the naked appeal to the public’s envy of second home owners and buy-to-let landlords, there is almost nothing to recommend this measure on any sober analysis of how it will actually work. This article takes a closer look at whether it was right of the chancellor to increase stamp duty for property investors.
Should Investors be so worried about recent changes to stamp duty?
The cost of stamp duty is increasing for buy-to-let investors but Sanjit Dhanjal, managing director of Opulent in an article written for the New Statesman, remains optimistic about the future of the UK property market and questions just how much of an impact the increased levy will make to property investors. With the chronic undersupply of property here in the UK will potential capital apprecition outweigh any increases in stamp duty?
The Liverpool property market continues to rise in popularity amongst investors
As investment into property in Liverpool is set to rocket over the next few years, Sanjit Dhanjal managing director of Opulent looks at some of the key reasons behind why Liverpool is attracting so much investment of late!