Quote:
Originally Posted by Ramrod
Yes but the point he & I are discussing atm is the real or imagined growth of 'buy to leave'.
There is nothing wrong (as far as I can see) in foreign investors investing in property here.
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There is no imagined growth, the electoral roll for new builds is about as good as it gets but is indicative of this growth.
Strangely many of those investors come from Singapore, and they most certainly do have a problem with foreign investors investing in property there.
http://www.sla.gov.sg/Services/Restr...dProperty.aspx
Alongside hefty stamp duty for foreign investors and for Singaporean natives investing in second properties - 15% additional stamp duty for foreign investors, 7% additional for local investors.
Amusingly, the overwhelming majority of Singapore's housing is publicly built. People buy their government built property and then with the money they saved on that can come buy up London
I can't help but feel the strong vested interests that come with a £1.5 million property portfolio somewhat colour your views on this. I have no idea how much of that value is capital appreciation or, if you prefer, money for nothing, but if you're in the south-east it's unlikely to be trivial.
Getting serious about housing both inside and outside London, and cooling the investor market would likely impact both your rental income and capital gains. A pretty good reason to see nothing wrong with foreign or any other investment in properties that might keep their value excessive.