Mansion Global
You’ll have to move quickly if you don’t want to pay the extra 2% By V.L. Hendrickson |
Save
The U.K. s stamp duty holiday, which gives buyers up to £15,000 in SDLT relief, is set to expire on March 31. shomos uddin / Getty Images
The U.K. s stamp duty holiday, which gives buyers up to £15,000 in SDLT relief, is set to expire on March 31.
shomos uddin / Getty Images
Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.
Q. I live in New York and I m hoping to buy a flat in London, but the travel restrictions have made it difficult for me to go see properties. I know that a tax on foreign buyers is supposed to start in April. Do I need to close before the deadline to avoid the tax or is an agreement to purchase beforehand good enough?
Mansion Global
Turkey, New Zealand Are Seeing Biggest Property Price Growth
But the percentage of global markets registering a fall in prices year-on-year is climbing, according to Knight Frank By Liz Lucking |
Save
Turkey s property prices have jumped 27%.
Getty Images
Benefiting from overseas interest and a strong economy, Turkey is once again leading the pack in property price growth, according to Knight Frank’s latest Global House Price Index an analysis of residential prices in 56 countries and territories released Thursday.
Prices in the country grew 27% during the third quarter of 2020, though “in real terms, once inflation of 14% is deducted, annual price growth sits closer to 13%,” the property consultants and estate agency said. It marked the third consecutive quarter that Turkey has topped the ranking.