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UK Budget pension changes ‘could boost foreign property sales’

March 19, 2014

Excerpt from the news coverage just after the Budget 2014 was announced

Louise Reynolds, Director of overseas property agency Property Venture® says, measures to boost savings and pension funds may encourage more buyers to invest in real estate.

“It is welcome news the Chancellor has overhauled the savings and pensions system. Releasing individuals of the burden to buy an annuity when they have not been competitive for years and have been a bit of a ‘closed shop’ in the way they have been sold, is a breath of fresh air.

“The simplification and rationalising of savings boosts the choices for investors and savers. Blending the ISA categories, whilst raising the savings limit to £15,000 per annum, allowing other savings to accumulate tax-free up to £5,000, competitive Pensioner Bonds and boosting the freedom of Defined Contribution Pensions produce some real choices.

“For those who seek greater returns and still want to break onto the property market, this frees up cash to allow them to invest in bricks and mortar which can deliver even better returns. Given the profile of overseas home buyers is ever shifting to the older age groups, any measures towards alleviating taxation of pensions and savings helps overseas cash buyers.

”Given how difficult it is for First Time Buyers to get on the housing ladder, particularly in the South East of England, it is great that buyers have an alternative way of getting on the housing ladder abroad, where entry level prices can be much lower, but yet still benefit from capital appreciation.”

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Property Venture® is an award-winning, UK-based agency for overseas property who helps people buy investment property and holiday homes in Europe, more easily and safely than they can on their own, because we offer grounded common-sense advice.

The focus is mainly greater Europe: Poland property, UK investments, Spain property, Turkey property, Cyprus property

On the Advisory Board and a Member of the Association of International Property Professionals (AIPP) the business has been vetted, approved and voluntarily commits to Industry Regulation and the Professional Code of Conduct. We are known for our quality customer service and non-pressurised approach to sales. Take a look at what our clients say

Featured or Mentioned in: The Sunday Times, The Times, The Daily Telegraph, Sunday Express, Daily Express, The Mail on Sunday, Daily Mail, The Independent on Sunday, The Independent, Evening Standard-Homes & Property, Homes Magazine, Property Wire, International Estate Agent Today, Property Overseas Today, Overseas Property Professional,HSBC Liquid Magazine, easyJet Magazine, London Homes & Property, A Place in the Sun, Buy Association