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UK property market sees 4% transaction rise, but future tax changes may impact affordability.
UK property market experts are optimistic about recent HMRC data showing a 4% rise in transactions, attributing it to stabilizing mortgage rates and less stringent affordability rules.
However, upcoming tax changes could affect Londoners and landlords.
The Chancellor's proposed property tax and possible national insurance on rental income could raise costs for tenants and reduce property supply.
The Financial Conduct Authority aims to ease data reporting for firms, while Deutsche Bank warns homeowners remortgaging could see payments double due to rising rates.
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El mercado inmobiliario del Reino Unido registra un aumento del 4% en las transacciones, pero los cambios fiscales futuros pueden afectar a la asequibilidad.