13 Dec 13.12.2018 London real estate continues to attract overseas buyers
13.12.2018 London real estate continues to attract overseas buyers
London real-estate market has long been popular with international buyers and with prices for residential property falling the city keeps attracting international property purchasers.
One third of all properties sold in the UK in 2018 and worth over £1 million have been purchased by the overseas investors, with buyers from the Middle East, Far East and Russia being the biggest purchasers of British legal estate.
Therefore, while a degree of uncertainly exists with regards of the UK’s withdrawal from the EU, UK property investment remains valuable and in-demand.
Moreover, there is a shortage of the real estate. The number of homes that are on the market is very low, whilst the tenant demand is growing. Thus, buy-to-let property investors can expect their properties to remain highly desirable in a market short on supply.
Rents in the UK are expected to rise 15% over the next five years, this coupled with sustained property shortages is predicted to continue driving international investor interest in the UK.