Investors in British real estate are looking for cheaper properties in the North of England


Property investors in the UK have lost interest in attractive real estate in London due to the additional tax imposed in 2016 on those who purchased a second home and landlords. They are interested in higher profits, and now they are looking for cheaper houses in the north of England, where the stamp duty is lower. However, many investors have refused to buy real estate, Bloomberg reported. Official data showed that property investor spending in the first half of the year decreased by 30% compared with the same period in 2015, when the stamp duty was increased. The monthly rent payment in London increased by 1.6% in September and amounted to 980 pounds sterling.

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