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Property investors in the UK have lost interest in attractive real estate in London due to the additional tax imposed in 2016 on those who purchased a second home and landlords. They are interested in higher profits, and now they are looking for cheaper houses in the north of England, where the stamp duty is lower. However, many investors have refused to buy real estate, Bloomberg reported. Official data showed that property investor spending in the first half of the year decreased by 30% compared with the same period in 2015, when the stamp duty was increased. The monthly rent payment in London increased by 1.6% in September and amounted to 980 pounds sterling.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
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