Stamp Duty And Interest Rates- What That Means For Property Investors

The Heaton Group, a property development agency located in the North West of England, believes that now is an excellent time to invest in the UK property market.

August 20, 2020 / / —

The market has already displayed signs of growth and recovery in the aftermath of the COVID-19 lockdown, and low interest rates, combined with planned stamp duty increases in 2021, are contributing to a surge in demand for houses and apartments. While developers and estate agents were forced to close for weeks earlier in the year, there have been positive signs since the relaunch of the property market. At The Heaton Group, the lettings team has been overwhelmed by calls and enquiries, and investors have also been keen to view and find out more about developments in the North West.

To provide support for the economy during and after the COVID-19 lockdown, the Bank of England announced a decrease in interest rates. With rates currently very low, investment opportunities in the UK look increasingly attractive for buyers based at home and abroad. The uncertainty of the economic situation could have resulted in trepidation and fear, but the property market is showing signs of revival, and this will be comforting to those looking for a new home, as well as investors hoping to make money out of buy-to-let developments.

Another key consideration for investors thinking about buying now is a planned rise in stamp duty, which was confirmed by the Chancellor, Rishi Sunak, in March 2020. A 2% stamp duty surcharge will be introduced from April 2021. The higher rate will apply to overseas buyers. At present, while interest rates are extremely low and stamp duty rates set to rise from April 2021, it makes sense to invest.

Opportunities for investors
Since the UK property market resumed, the demand for rental properties has soared, and this is excellent news for investors. Increased demand is beneficial, especially at a time when interest rates are at rock-bottom. The Heaton Group has experienced an upturn in requests and calls in recent weeks, and this is a positive sign that the market is strengthening. Now is an exciting time for investors, as well as those looking to find a new home.

About The Heaton Group
The Heaton Group is a property development agency, which works with clients across the globe to connect investors with fantastic opportunities in the North West of England and help tenants and buyers find their dream home. In recent weeks, there has been a surge in demand for rental homes and new developments, and the team is excited about the future and the opportunities it presents for investors to benefit from buying properties in the North West.

Anyone who is keen to find out more about The Heaton Group, or its property development portfolio, is encouraged to make use of the following contact details:

Business name: The Heaton Group
Website: https://www.heatongroup.co.uk/
Press contact name: Dan Akister
Press contact address: 2-4 Wigan Road, Hindley, Greater Manchester
Press contact telephone number: 01942 251945
Press contact email: marketing@heatongroup.co.uk

Contact Info:
Name: Dan Akister
Email: Send Email
Organization: The Heaton Group
Address: 2-4 Wigan Road, Hindley, Greater Manchester
Phone: 01942 251945
Website: https://www.heatongroup.co.uk/

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Release ID: 88973467