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Odd real estate advertisement in the Financial Times....

Odd real estate advertisement in the Financial Times....

Old Jul 31st 2010, 9:53 am
  #1  
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Default Odd real estate advertisement in the Financial Times....

While nursing my hangover at Mcdonalds I glanced through the weekend issue of the FT and noticed in the realty section an advert for flats in a typical London SW3 terrace. Nothing special there, but what caught my eye was the fine white print across the advert, which went something similar to:

'For sale to non-UK residents only'

Uhh.....

Is this legitimate?

Is it genuinely possible for a developer to offer a property for sale in the UK to non-UK residents only? In other words, is it legally possible for a perfectly normal UK citizen resident in the UK to be barred from buying one of the flats, which is very much in the UK?
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Old Jul 31st 2010, 3:58 pm
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Default Re: Odd real estate advertisement in the Financial Times....

Probably a short-term investment that needs to be sold quickly- non-residents can avoid the tax implications.
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