Britain’s high-end and luxury home builders face a squeeze as Prime Minister Theresa May prepares to impose higher taxes on foreigners looking to buy properties in the UK.
Overseas buyers account for roughly half of all residential transactions in central London, according to Faisal Durrani, head of research at property consultants Cluttons LLP.
UK developers are already grappling with sluggish demand amid the nation’s messy divorce from Europe, a cooling property market and…
Source : South China Morning Post
Read more…Britain’s PM Theresa May wants to hit foreign homebuyers with a higher tax
