The two main areas for growth are Edinburgh and Birmingham. Both of these are experiencing significant levels of capital appreciation which is set to continue moving forward.
Gordan Franks, Managing Director, Lifestyle Brokers, [email protected]
Gordon Franks is the Managing Director of both Platinum Financial Services and Lifestyle Brokers in Hong Kong overseeing one of the region’s largest and most sophisticated financial sectors; focusing on providing quality advice to high net worth individuals around the region. Rather than taking a one-dimensional approach with traditional financial services products Gordon also utilizes the international property (through Lifestyle Brokers) as a tool to create wealth for clients where investment properties are sourced, financed and tenanted for a complete turnkey solution. Being based in Hong Kong for over ten years Gordon has been helping individuals and their families maximize their personal and financial wealth, achieving peace of mind, comfort, and reliable financial solutions.
Posts made by gordonfranks
RE: For outside of London, where is the opportunity now for a property that expected to sell in 5 to 7 years time?
RE: As a foreigner that invests in a UK property at a total of GBP 700,000 including equity and debt, how much tax would I pay?
This again relates to stamp duty, assuming that this is not a first property you would pay GBP 46,000 in stamp duty for a GBP 700,000 purchase price. This is the same amount regardless of being a foreign or local based investor.
RE: What are the expected costs or kind of costs that would incur when purchasing a property in the UK (city) (around GBP 250K)?
The main cost for any property purchase is stamp duty and in the UK there is an additional 3% charged if the purchaser owns property anywhere else in the world. On the assumption that the buyer does, and a purchase price of GBP 250,000 you would pay GBP 10,000. The other costs are the legal/conveyancing which is typically GBP 1-1,500.
RE: How is the commercial property development near Manchester [United Kingdom]?
We do not get involved in commercial real estate in Manchester, or the North of England. There is a severe lack of financing for it, meaning most people have to buy cash, and in our opinion less potential for capital appreciation than residential property.
RE: What is the cap rate for the area in Manchester [United Kingdom]?
The cap rate for Manchester is approximately 3-4% taking into account all costs (management fees, service charges, and ground rent). Some developments offer slightly more but this is the average.