wheatlandrentals.com

You may have heard the news today that the VAT rate is increasing and going up to 20% in the UK soon. What does this mean for the property industry?

Mostly nagative for most people and businesses also.

For people looking to buy a home, two and a half percent will make a great difference of maybe even a couple of thousand pounds!!

For property agents and businesses, it may become much more difficult to sell a property and much more difficult to find buyers for the thousands of properties they have on show.

This may even mean more business for people who rent.