‘The safest investment in the world’: UK property investors are starting to look overseas.
20 May 2016
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Is it worth investing in property?
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt (1882-1945)
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The Chancellor’s new tax on buy-to-let is to push British and UK residents, able to afford property abroad to invest oversea.
A recently announced higher rate of Stamp Duty Land Tax on purchases of additional residential properties in UK has caused domestic property speculators to start considering buying lands abroad.
In the UK, since 1st April 2016, “a new 3% Stamp Duty band surcharge on additional home or residential buy to let property” applies to property investors.
Watching their balance sheets increase through accumulation of property income is one of the many perks for property investors.
UK property speculators enjoy an absence of private rent controls almost unique
to the UK in an otherwise well-regulated private rental sector across the rest of Europe.
As to the question to whether or not it worth investing in property, the relatively left-wing socialist Franklin D. Roosevelt famous quote in praising property says it all:
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt (1882-1945)
UK property investors are now looking abroad to buy up properties….
Openness to foreign investment: Cameroon’s legislative body, the National Assembly, adopted an Investment Charter shaped to attract international investors.
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1)
https://www.lulu.com/en/gb/shop/rachel-tcheungna/economy-and-investment-global-news-that-never-fades-the-bridge-magazine-book-from-britains-news-to-world-exclusives/paperback/product-4evpye.html?page=1&pageSize=4
2)
https://www.lulu.com/en/gb/shop/rachel-tcheungna/global-news-that-never-fades-from-britains-news-to-world-exclusives/paperback/product-ennmdm.html?page=1&pageSize=4
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