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FORA: The Impact of COVID-19 on UK Real Estate - Shared screen with speaker view
Alex Gherciu
16:35
Welcome to this week FORA event.Please keep yourself muted and video switched off.We do encourage you to submit questions via chat.
Rebecca Booth
38:53
Are non-domestic buyers still interested in the UK residential market?
Savio Figueredo
40:53
Are you seeing International Investors? What are their demands?
Savio Figueredo
44:15
Lenders are adopting strict criteria, delays in decision making, concerns about valuations, what are you seeing in terms of the supply of credit?
James John
44:21
Well said Sarah - the whole WFH thing was a challenge for me as well but I can see us all doing it for a day or two a week from now on - how this will affect the demand for offices long term remains to be seen.
Christopher Coleridge cole
47:11
There are a huge number of Cantonese buyers coming in from Hong Kong because 1) Uncertainty of Hong Kong’s future; 2) Legality of UK property ownership; 3) Cheapness of money; 4)Property discounted since Brexit; 5) Sterling being cheap. We are seeing a significant increase in Chinese buyers as an investment.
Tom Tangney
48:56
Traditionally the summer can see a lull in the market, do you think this will be the case this summer
Christopher Coleridge cole
49:24
You’re absolutely right Camilla. The other reason BTL landlords are. suffering is from a taxation standpoint due to Osborne’s attack on them.
Rebecca Booth
50:02
Are offshore structures still of interest to these international buyers/investors?
Christopher Coleridge cole
50:30
Yes, very much so.
Christopher Coleridge cole
55:19
Lindsay entirely right. Central London prime.
Mcfarlane, Sarah-Jane
55:31
Will this bounce last? What factors will be necessary to see the same level of demand current playing out in the market?
Christopher Coleridge cole
58:24
Savio, there’s buckets of credit availability.
Tom Tangney
01:05:27
surely trading up or down will only depend on the clients personal circumstances.
Justin Mason
01:09:37
Are buyers opting to obtain advice from valuers and surveyors prior to purchase or are they under pressure to act swiftly due to competition?
Christopher Coleridge cole
01:10:15
Offshore Trusts, typically a QNUPS, is the perfect vehicle because it gets round IHT, Boris Johnson‘s new surplus2% stamp duty from next year for overseas purchases as well.
Christopher Coleridge cole
01:10:54
Also ATED for overseas investors
Justin Mason
01:13:42
Thank you!
Rebecca Booth
01:15:41
We’re seeing more enquiries for Guernsey Property Units Trusts
Christopher Coleridge cole
01:18:24
As I say a QNUPS TRUST purchase gets round this surplus together with ATED & IHT
James John
01:18:45
Thank you very much