LDG Budget comment !

Osborne's positive moves in the 2014 statement.

LDG’s Laurence Glynne gives his insight into yesterday’s Budget:

“It seems that the Chancellor has made every effort to boost confidence by encouraging the person on the street to buy a pint which is not such a bad thing! Also, the boost to small house building firms is positive, as is the extension of the Help to Buy scheme and the introduction of Right to Build.

Foreign investors will be further affected. Not only will they be paying capital gains tax from April next year on investment properties, but they’ll also have to pay 15 percent on properties from £500,000 which previously was £2 million, so it will be interesting to see what effect this will have on our international clientele.

The Government are highlighting their support for UK citizens and seem to have less regard for foreign property investors. Maybe they think that those who can afford to buy over here will not be deterred from investing here - only time will tell!

 It’s evident that Osborne also used this Budget to appeal to the core vote: pensioners, with his radical savings changes.”

For further information and to enquire about properties LDG is currently marketing, please visit www.ldg.co.uk  or telephone: 020 7580 1010.

LDG is a unique bespoke West End estate agents established in 1987 by Laurence Glynne.  Since being established, LDG has built a substantial client base and a comprehensive catalogue of property investors, purchasers and landlords who recogniseLDG as estate agency market leaders in the prime West End areas: Fitzrovia, Soho, Covent Garden, Bloomsbury and Marylebone.  The company, and NAEA and ARLA member, has both a sales and lettings department, and has recently opened a commercial department to enhance its overall property service. 

For further press information, please contact: Laurence Glynne 020 7290 0594 laurence@ldg.co.uk