Whilst it may come as a surprise – especially when you take recent world events into account – the property investment market is flourishing as of late.
Particularly in the UK, it is perhaps proving to be one of the best options for those looking for new, lucrative ventures.
Offering a solid long-term investment, property can provide a consistent and reliable income for many years with minimal risk and – depending on how you approach it – pressure.
However, for many, it may seem like a challenge to get started.
Buying property in the UK as an overseas buyer, in particular, may seem like a very daunting task.
You may be wondering, ‘Can foreigners buy property in the UK?‘ – or, if they can, whether it’s even worth the hassle.
Well, to put it simply, the answers to both those question is:
Yes.
While it seems like a hassle, so long as you put time into research (and perhaps even consult with a property investment company), investing in UK property can be a relatively simple and rewarding opportunity.
In fact, if you still have some doubts, here are 4 reasons why you should consider investing in UK property as an overseas buyer.
1.Considerable Capital Growth and Growing House Prices
A massive selling point for UK property is capital appreciation – the increase in the value of a property over time.
For those looking at their retirement plans, this is probably one of the most appealing aspects of property investment overall.
If you’re patient, you can rent out your property for a few decades and then later sell it on for a massive profit.
And, considering that the UK rental market is currently booming, this may be the perfect time to get the ball rolling.
Boasting some of the highest growth on record – in the last fifteen years at least – property prices are soaring at the moment – in part due to the aftermath of Covid-19 and the subsequent enforcement of lockdown procedures.
With the UK also expecting to see a 13.1% rise in property prices by 2026- with the Northwest and Yorkshire, in particular, expected to see an 18.8% rise in prices – it’s not hard to see why so many are jumping on the bandwagon.
2.Rising Rent and Rental Yields
The average UK rent also reached £1,060 in December of last year, just £1 off the previous record set three months prior.
This has led to some excellent rental yields in the UK – with cities like Liverpool generating impressive returns of over 10% in certain postcodes.
Looking at the global picture, these yields are far higher than any other country – A popular property hotspot like Shanghai, for example, generates an average rental profit of just 2-4% in comparison.
3.This growing demand means a long list of potential tenants.
So, UK properties are selling fast.
The biggest reason behind this is the severe undersupply of property in the UK.
Essentially, after being cooped inside for a long time, people want a new place to live.
However, there isn’t enough to go around.
This has led to increased property prices and more people looking to rent as an alternative to the high cost of buying a property outright for themselves.
This is amazing news for all you would-be landlords/investors, though – as this lifestyle continues to become more and more popular, it means there is likely to be a steady flow of potential new tenants for years to come.
4.New Regeneration Effects
Regeneration is regularly cited as one of the most appealing factors of a city, which makes it a particularly notable aspect for investors.
A regenerative overhaul – when done correctly – can completely transform a city and again help with increasing capital appreciation and demand.
By increasing the quality of living spaces, offering new job opportunities with the onslaught of construction work involved in these projects, and improving local amenities like transport, efforts such as these can drastically alter public opinion and property prices.
Why should you invest in UK property?
With the current state of the market, it’s difficult to come up with reasons not to. This is probably one of the most profitable and continually growing ventures to invest in at the moment, and, with prices only going to continue to rise for the foreseeable future, this is also probably the best time to get involved.
While investing in UK real estate as an overseas buyer is not entirely impossible, it is important to remember that this article covers just the basics.
To succeed, you must keep up to date with all the latest trends, do your research and maybe consult with the opinion of experts.
Potential Header Image – https://unsplash. com/photos/1zO4O3Z0UJA – Photo by Mathieu Stern on Unsplash
4 Reasons Why You Should Invest in UK Property as Foreign Investor
Whilst it may come as a surprise – especially when you take recent world events into account – the property investment market is flourishing as of late.
Particularly in the UK, it is perhaps proving to be one of the best options for those looking for new, lucrative ventures.
Offering a solid long-term investment, property can provide a consistent and reliable income for many years with minimal risk and – depending on how you approach it – pressure.
However, for many, it may seem like a challenge to get started.
Buying property in the UK as an overseas buyer, in particular, may seem like a very daunting task.
You may be wondering, ‘Can foreigners buy property in the UK?‘ – or, if they can, whether it’s even worth the hassle.
Well, to put it simply, the answers to both those question is:
Yes.
While it seems like a hassle, so long as you put time into research (and perhaps even consult with a property investment company), investing in UK property can be a relatively simple and rewarding opportunity.
In fact, if you still have some doubts, here are 4 reasons why you should consider investing in UK property as an overseas buyer.
1.Considerable Capital Growth and Growing House Prices
A massive selling point for UK property is capital appreciation – the increase in the value of a property over time.
For those looking at their retirement plans, this is probably one of the most appealing aspects of property investment overall.
If you’re patient, you can rent out your property for a few decades and then later sell it on for a massive profit.
And, considering that the UK rental market is currently booming, this may be the perfect time to get the ball rolling.
Boasting some of the highest growth on record – in the last fifteen years at least – property prices are soaring at the moment – in part due to the aftermath of Covid-19 and the subsequent enforcement of lockdown procedures.
With the UK also expecting to see a 13.1% rise in property prices by 2026- with the Northwest and Yorkshire, in particular, expected to see an 18.8% rise in prices – it’s not hard to see why so many are jumping on the bandwagon.
2.Rising Rent and Rental Yields
The average UK rent also reached £1,060 in December of last year, just £1 off the previous record set three months prior.
This has led to some excellent rental yields in the UK – with cities like Liverpool generating impressive returns of over 10% in certain postcodes.
Looking at the global picture, these yields are far higher than any other country – A popular property hotspot like Shanghai, for example, generates an average rental profit of just 2-4% in comparison.
3.This growing demand means a long list of potential tenants.
So, UK properties are selling fast.
The biggest reason behind this is the severe undersupply of property in the UK.
Essentially, after being cooped inside for a long time, people want a new place to live.
However, there isn’t enough to go around.
This has led to increased property prices and more people looking to rent as an alternative to the high cost of buying a property outright for themselves.
This is amazing news for all you would-be landlords/investors, though – as this lifestyle continues to become more and more popular, it means there is likely to be a steady flow of potential new tenants for years to come.
4.New Regeneration Effects
Regeneration is regularly cited as one of the most appealing factors of a city, which makes it a particularly notable aspect for investors.
A regenerative overhaul – when done correctly – can completely transform a city and again help with increasing capital appreciation and demand.
By increasing the quality of living spaces, offering new job opportunities with the onslaught of construction work involved in these projects, and improving local amenities like transport, efforts such as these can drastically alter public opinion and property prices.
Why should you invest in UK property?
With the current state of the market, it’s difficult to come up with reasons not to. This is probably one of the most profitable and continually growing ventures to invest in at the moment, and, with prices only going to continue to rise for the foreseeable future, this is also probably the best time to get involved.
While investing in UK real estate as an overseas buyer is not entirely impossible, it is important to remember that this article covers just the basics.
To succeed, you must keep up to date with all the latest trends, do your research and maybe consult with the opinion of experts.
Potential Header Image – https://unsplash. com/photos/1zO4O3Z0UJA – Photo by Mathieu Stern on Unsplash
