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Investment Property News

Changes Coming to Stamp Duty Land Tax

Oct

As part of the Budget delivered on Thursday 9th October 2014 the Scottish Government announced plans to make changes to the tax paid on the purchase of residential properties in Scotland. From April 2015, Stamp Duty Land Tax (SDLT) will be replaced by the new Land & Buildings Transaction Tax (LBTT). The ESPC have produced an excellent article explaining these changes. Stamp Duty Land Tax.

Investment Purchase Example

Sep

At the outset we discuss with every client how much they wish to invest, the most suitable type of property, specific goals and how the property purchase is best financed.

Of course the investment strategy for every client will be unique but below is an example of a property investment package we have just put together for a client based in Qatar. Being overseas the client relied on our professional advice and in house solicitors to arrange the investment for them.

ESPC House Price Report August 2014

Aug

The number of homes being sold across Edinburgh, the Lothians and Fife has continued to rise, although the pace of growth has eased in recent months.
The number of sales recorded by ESPC rose by 13% annually between June and August.
Seller activity has also improved, with the number of homes coming onto the market up by 19% on an annual basis.
Properties are spending less time on the market, with median selling times down from eight weeks a year ago to five weeks this year.
Within Edinburgh roughly two-thirds of homes sold between June and August achieved a selling price equal to or in excess of their Home Report valuation. In other areas most homes are still selling for slightly less than their original valuation figure.

Landlords Earn More Than Twice The Annual Wage

Jul

Research, by BDRC Continental on behalf of BM Solutions, discovered that some landlords are earning twice as much as the average UK salary.

Currently, the average salary in the UK is £27,174, but landlords are exceeding this amount per year with a yearly income of £60,000.

The average landlord has a portfolio of eight or nine properties, achieving this annual wage, which has a total value of about £1.2 million.

Why Buy for Student Son or Daughter?

Jun

There are many good reasons why buying for offspring during their student years makes sense. For most parents it will be to ensure their children have somewhere to call home for the duration of their studies, avoiding the annual clamour for rental flats and to subsidise living costs. A student in rental accommodation for 4 years in Edinburgh will pay, on average, a total rent of £19,200. We have recently sourced and advised on the purchase detailed below.
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