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Updated over 6 years ago,
Any London (UK) property investors here ?
I am wondering if there are any London RE investors who find themselves in the same boat as me. I have been mulling over selling my property that i purchased in 2008 on a tracker mortgage. It's enjoyed 10 years of pretty good appreciation but i feel that it's kind of reached the end of the road. Rising interest rates, unfriendly non resident landlord laws and mortgages are all headwinds i'm not sure i want to be dealing with anymore. Not to mention the 500 lbs gorilla in the room - Brexit.
Since i've owned the property for more than 5 years i don't believe i am subject to capital gains tax for non residents ( could be wrong though) so that is at least a bonus for me should i wish to get my money out of the UK market.
Anyone else pondering this ? interested to know and hear what other London RE investors are thinking....