How do I buy my first home in the UK?
Is now the time to buy?
Property buyers across Europe, Asia and the US in 2020 are asking whether now is the time to buy UK residential real estate.
A number of our clients made property purchases conditional on a Conservative majority in the General Election, and there has undoubtedly been a ‘Boris Bounce’ following the election result, with leading agents reporting a significant increase in buyer enquiries against the same period last year throughout the country.
While questions remain regarding the UK’s future relationship with the EU and other world powers, the UK now almost certainly has a stable government for the next five years, and the fundamental reasons that have made property in the UK so attractive still remain. There may now be a window of opportunity (before the transition period for our departure from the EU ends) to invest in or restructure existing UK residential and rural property interests. In addition, the Conservative party manifesto contained a pledge to increase stamp duty land tax rates up to 3% for non-UK residents, which we cover in more detail here.
With a team of property lawyers who have completed residential, rural, commercial and non-profit deals for some of the most prominent individuals and institutions in the world, we understand that investing in real estate is about more than acquiring a property. We work hand in hand with our fellow family, construction, commercial and tax lawyers to advise on all aspects of private property including the most tax-efficient ways to own and hold property in light of the many tax changes that have impacted on property ownership in recent years.
20 February 2020 - Video
Private property - Is now the right time to buy?
30 January 2020 - Article
Ten things to bear in mind for a country property purchase
27 January 2020 - Article
UK residential property for the foreign investor in 2020 – a window of opportunity?
24 January 2020 - Article
Further changes to taxation of residential property
If you have any questions or would like to know more on this topic, please get in touch by calling us on 020 7597 6364 or emailing the following link.