Odd real estate advertisement in the Financial Times....
#1
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Joined: Oct 2008
Posts: 2,502
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?
'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?
#2
BE Forum Addict
Joined: Jan 2008
Posts: 1,869
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.