Business & Finance Investing & Financial Markets

UK Real Estate on Sale

Though the UK real estate recovery starter in 2009, now with the third quarter 2010, it has lost all the steam that it had gathered earlier.
This fact has been reported by the major housing agencies in UK.
According to Halifax, the average house prices have been quite down for the in September 2010.
The prices are also down 3.
6% in September from the last month.
The average UK real estate for sale is 162,096 pounds.
Most money lenders for the market also expect that the prices of the for sale will fall in 2011.
The moneylenders believe that major spending cuts are inevitable in the budget and this will also make it difficult to obtain the home loans for the housing.
In May 2010, the Conservative party has advised significant reductions in the budget that will decrease the budget deficit to the tune of USD 127 billion.
With half a million public sector jobs on the block, the unemployment rate is likely to grow and the spending likely to be cut.
This will also affect the home loans and the for sale properties as many people won't be able to afford the homes.
The retirement age for the public sector employees will be increased to 66.
This is one of the largest budget cuts that have been implemented in decades.
This will also lead to lower wages in the private sector.
All of this will have a negative impact on the UK real estate.
The government is hoping that these measures will eliminate the deficit by 2015 and make the economy more stable.
Currently all the measures that will be implemented by the government are strictly under a lot of debate.
The UK rentals are low in comparison to some of the European Union countries and the international rentals.
The gross average UK rentals are quite low and hover around 4%.
Even in central London, the average UK rentals hover around 4.
6%.
The rental income for the non residents is a flat20% unless they have taken some very specific steps to counter the problem.
With a number of allowable deductions, the taxation can be as low as 9%.
The capital gains tax is valued at the progressive rates of 18% - 28%.
The costs for the transfer of the UK estate for sale and UK estate transaction costs are very low.
The maximum transaction cost is only about 10% of the total value of the value.
SHARE
RELATED POSTS on "Business & Finance"
Penny Stock Prophet-Penny Stocks Worth Investing!
Penny Stock Prophet-Penny Stocks Worth Investing!
Flipping is Back!
Flipping is Back!
Step by Step Instruction Guide to Invest in GLD Stock
Step by Step Instruction Guide to Invest in GLD Stock
Forex Introduction
Forex Introduction
Think Real Estate Investing Courses Are a Waste of Time? Think Again
Think Real Estate Investing Courses Are a Waste of Time? Think Again
Silver and Gold in a World Where "We Owe It to Ourselves"
Silver and Gold in a World Where "We Owe It to Ourselves"
Why Real Estate Is a Good Long Term Investment?
Why Real Estate Is a Good Long Term Investment?
ATS Greater Noida in High Demand
ATS Greater Noida in High Demand
The Role of an Angel Investor
The Role of an Angel Investor
What Is A Trustee Sale And Why Should I Purchase One?
What Is A Trustee Sale And Why Should I Purchase One?
Private Lending Program For Real Estate Investors - Pros and Cons of Group Presentations
Private Lending Program For Real Estate Investors - Pros and Cons of Group Presentations
Forex Trading Education - Forex Seminar - Forex Trading 497
Forex Trading Education - Forex Seminar - Forex Trading 497
Trading Penny Stocks - High Risk Equals Big Profits
Trading Penny Stocks - High Risk Equals Big Profits
How Building Inspections Can Save on Your Property Investments
How Building Inspections Can Save on Your Property Investments
What Is A Gold Etf
What Is A Gold Etf
Currency Converter - The A Great Deal Desired Calculator For Currency Traders
Currency Converter - The A Great Deal Desired Calculator For Currency Traders
Let’S Discuss Site Plan of Prestige Sunrise Park
Let’S Discuss Site Plan of Prestige Sunrise Park
Little knowledge of superannuation can be troublesome
Little knowledge of superannuation can be troublesome
Make Easy Money - With Minimal Effort
Make Easy Money - With Minimal Effort
Forex Trading: Common Economic Indicators for You and Your Forex Broker, Jobless Claims, Fed Index
Forex Trading: Common Economic Indicators for You and Your Forex Broker, Jobless Claims, Fed Index

Leave Your Reply

*