| Home | January 2011News | Investec: Tax Increases Will Have Little Impact on High End Property Market |
| |
|
|
 Investec: Tax Increases Will Have Little Impact on High End Property Market- Investec: Tax Increases Will Have Little Impact on High End Property Market
- January 27, 2011
-
Research by Investec reveals that most property & mortgage professionals do not expect tax increases to impact significantly on the property market.
From April 6 2011, those buying properties worth £1 million or more will see the amount they pay in stamp duty rise from 4% to 5%, but research1 from Investec Specialist Private Bank ('Investec') amongst estate agents, property developers and mortgage brokers specialising in this market reveals that 52% expect this to have no impact on prices. Some 45% expect prices to fall slightly as a result of this, but none of those interviewed believe there will be a sharp fall as a result of this rise in...
- View more at: http://www.1888pressrelease.com/investec-tax-increases-will-have-little-impact-on-high-end-pr-274103.html
|
Previous