A number of home owners with properties worth more than £2 million are anxiously awaiting the budget announcement on 21st March to hear the final decision on a proposed changes to property taxes. At present there are four options being suggested.
Many Winkworth offices have reported a rise in the number of buyers expressing interest in entering the market in early 2012 and many vendors who have sat on their hands are now tired of trying to second-guess the market and plan on instructing sales early in the year. We are therefore hopeful of a strong start to 2012.
On August 24, the French Prime Minister François Fillon announced a series of French tax increases as part of the French austerity plan to reduce government debt. Certain changes have now been confirmed whereas others are still to be debated.
Winkworth has launched its new international website to cater for the growing demand of homes for sale abroad. Winkworth is expanding internationally and thus need the facility to promote worldwide properties effectively.
Following a meeting with French President, Nicolas Sarkozy, and budget minister François Baroin, a group of senators have successfully lobbied for a controversial new tax on second homes to be scrapped. The new tax, approved by French Parliament just last week, meant that homes only used for a few weeks a year would have been liable for an additional tax, calculated at 20 per cent of the theoretical annual rent that could be gained from the property.
Winkworth Central London has published its Autumn-Winter 2010 Market Insight, analysing trends and the outlook for The Royal Borough of Kensington & Chelsea residential sales and lettings market. The data for the report has been gathered by the South Kensington, Knightsbridge & Chelsea, Kensington and Notting Hill franchises.
David King, director of Winkworth International, says fall in the value of the Euro against Sterling will encourage British buyers to purchase proeprty in Euro zone.
David King, Director of Winkworth International, comments on the French Property Market.
Expert spokespeople from across the Winkworth network comment on the current state of the UK and European property markets and give their thoughts on the outlook for the coming months.
Read on to find out more about the property market in your area…
Expert spokespeople from across the Winkworth network comment on the current state of the UK and European property markets and give their thoughts on the outlook for the coming months.
Read on to find out more about the property market in your area…
