London Property – A Global Reserve Currency
October 17, 2013 9 Comments
According to Britain’s Office for National Statistics,London house prices rose 9.7% between July 2012 and July 2013.In fact for a number of years London real estate has returned an annualized return of round 10%.
World over, the UK political system is seen as stable and government policy as predictable.
Also,the property tax regime is very gentle.For example, the property taxes on Mayor Michael R Bloomberg’s $20 million London home comes to $3430.
Furthermore,if a person can demonstrate that he/she has a residence in another country.he/she is taxed on only his/her British earnings. Read more of this post