| It has never been a better time to buy a
| |
| | because only four years ago that figure
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| second home, or invest in the buy-to-let
| |
| | was only 11.1 billion.
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| property market. The UK's booming
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| | Spain is predictably the most popular
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| buy-to-let market is being boosted by
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| | destination for Brits to buy a second
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| immigration and the difficulty of
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| | home. Over 70,000 homes are own by
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| first-time buyers to find suitably priced
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| | Britons, almost 27% of the entire market.
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| property. The UK is second only to Poland
| |
| | Recently Banco Halifax Hispania (BHH),
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| for buy-to-let investors, with Bulgaria
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| | the Spanish Halifax, has cut its
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| and France following behind. The shortage
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| | mortgagerates making, for many, the
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| of homes will continue to drive up house
| |
| | allure of a move to sunnier climates more
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| prices in the UK, some predicting by an
| |
| | of a reality than a dream. There's more
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| extra 10% by 2008.
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| | good news too. Britons investing in
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| Home owners who find themselves with a UK
| |
| | overseas property look set to gain a tax
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| property that is increasing in value are
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| | bonus next year. Gordon Brown's recent
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| now re-mortgagingor freeing up equity in
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| | budget speech indicates that property
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| their properties to invest in houses
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| | bought through a company will be exempt
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| abroad with many reaping rewards from
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| | from tax, with those who have already
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| their investments. Remarkably, the
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| | bought abroad in line for considerable
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| British now own over 250,000 properties
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| | payouts from the Inland Revenue.
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| abroad, the value of the property in
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| | There has never been a better time to
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| countries like Spain, India, and South is
| |
| | invest in property abroad. So, if you
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| estimated at 23 billion, this remarkable
| |
| | can, why not do it!
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