Mixed news for the UK property market in 2016 Budget

[Nicholas Wallwork]

George Osborne, the Chancellor of the Exchequer, has today delivered his 2016 Budget with mixed news for the UK property market. Initial impression seems to be that the changes could have been worse but as ever the devil is in the detailed which will emerge at a later date. So, in bullet point format how

Click to Read The Full Story and Add you Own Comments to Continue reading...

 

[nmb]

At a time when the UK property market is struggling to accommodate demand it seems rather bizarre that the government is penalising buy to let investors by exempting residential property from the new capital gains tax rules. History shows that the government is not willing to invest the funds required to replenish the U.K.’s housing stock so where else will it come from?