Those investors have long understood the importance of location. Birmingham is not just the geographical centre of the UK, but also its second-largest city after London. Day by day, it is becoming even more central to the nation’s economic future.
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As an investor, you will have to carefully consider the stamp duty when purchasing property in England and Wales. This tax is not negligible. For example, if you buy a second home worth £250,000, you should be prepared to pay an average of £75,000 in extra stamp duty land tax.
Building your own property portfolio in the UK can appear challenging, but the private rental sector is growing rapidly, with private rentals now making up a fifth of all UK households. The prospects for growth are undiminished, with the PRS looking set to expand by another 25% over the next four years.
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