The Telegraph reports that the UK property market is experiencing a significant slowdown due to Labour’s proposed tax changes. It is claimed that properties are remaining unsold for extended periods, with house prices declining and sales falling through. A representative of Sotheby’s noted that this summer has been “one of the quietest we’ve seen for some time.” Furthermore Simon Gerrard, from Martyn Gerrard estate agents, reported that nearly 20% of agreed sales fell through in August. Not surprisingly, the uncertainty surrounding the upcoming Budget has left buyers hesitant, with many adopting a “wait-and-see” approach.
iBOSS Comment:
This presents opportunities for those interested in growing a property portfolio or anyone in the property refurbishment business in particular. For those considering such a move this may be an opportunity to improve net revenue, if one can move quickly enough. We at iBOSS have the knowledge and skills needed to both raise finance for such a project and to assist with the management of this type of project, especially if this is something you are new to.
If you would like to learn more about how we can help then fill in the enquiry form on our web site www.theiboss.co.uk or contact phil on 07876 503830 or e-mail phil@theiboss.co.uk , and ask for one of our Free consultations.