Should Hong Kong, Chinese investors delay buying London property and wait for stamp duty cuts?

//Should Hong Kong, Chinese investors delay buying London property and wait for stamp duty cuts?

Should Hong Kong, Chinese investors delay buying London property and wait for stamp duty cuts?

A plan to cut stamp duty on home purchases in Britain may just be the boost needed by the slumping London property market, according to analysts. Boris Johnson, who is tipped to succeed British Prime Minister Theresa May this month, is considering a reduction in stamp duty for luxury residential units, according to a report by The Financial Times. “A cut to stamp duty will provide a boost for the London market in terms of volumes of sales, and also pricing,” said Liam Bailey, global head of…

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By | 2019-07-16T00:00:38+00:00 July 16th, 2019|Business|Comments Off on Should Hong Kong, Chinese investors delay buying London property and wait for stamp duty cuts?