Like the vast majority of businesses in Europe, EcoCrops International is exacerbated by the current Brexit talks and the lack of progress.
If that was not bad enough for the UK investment market The Conservative Party has fanned the flames of uncertainty at their annual conference and are looking to impose a tax on foreigners looking to invest in UK property.
The implications of such a tax are already being felt this morning as UK real estate stocks fall.
Housebuilder stocks listed on the FTSE 100 lost value today as a result of the announcement of the new tax laws.
An additional three per cent in stamp duty will have to be paid by any persons or businesses not registered to pay tax in the United Kingdom.
By late morning trade on Monday, the share price of Berkeley Development was down by 2.7 per cent. Fellow residential developers, Barratt and Taylor Wimpey, were both off by about 1.4 per cent.
Now EcoCrops International would not claim to be experts in the UK property market after all our expertise is forestry, but this can only be worrying news for any property investor.
Speaking at the Conservative Party conference in Birmingham on Sunday, U.K. Prime Minister Theresa May said Britain would always be open “to people who want to live, work and build a life here,” but it was fair that foreign property investors should pay an additional levy.
“It cannot be right that it is as easy for individuals who don’t live in the UK, as well as foreign-based companies, to buy homes as hard-working British residents,” she said.
The Prime Minister hinted that this was due to the foreign investment being the catalyst in the rise in house prices that are too high for many local residents.
In London especially, there has been the criticism of a growing number of properties bought by foreign clients who then let them stand empty. Housing and homeless charity Shelter has estimated that in England alone there are 279,000 long-term, privately owned empty homes.
Theresa went on to say: “For too many people the dream of home ownership has become all too distant and the indignity of rough sleeping remains all too real.”
The recent addition of a tax on second properties this year has also put added strain on the UK housing market.
If you are a property investor that is looking for an investment with less risk and more certainty EcoCrops International has exactly what you are looking for. This is an asset-backed, fixed income fully insured investment with above average double-digit returns. For all the information please visit www.ecocropsinternational.com or call 0034 932 201 207 To see more of us please check Flickr Linkedin & Facebook
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Company Name: EcoCrops International
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Website: www.ecocropsinternational.com