The UK property market has come under its’ fair share of scrutiny as of late, and some are wondering as to whether it’s still a good investment to buy bricks and mortar in Britain.
Stable Economy For a Stable Investment
With the sudden upheaval of Brexit, the UK economy is firmly in the crosshairs regarding its stability – making investors, home buyers and sellers a little nervous. However, there are pockets of major hotspots around the nation where savvy investors are particularly keen on building their property portfolios; London and the South-East in general provide a heady combination of high resale-value and infinite rentability for those seeking to buy to let. For domestic buyers who want a home they can live in, this part of Britain is associated with higher wages and greater job growth, again bolstering opportunities for ensuring a worthwhile investment which provides long-lasting returns.
Buying property to let still puts investors in a highly preferential position. The rental sector has grown dramatically in recent years as more and more workers choose to move around and avoid commitment to a specific location. Buying to let helps you take control of your own investment, and with more and more desirable locations cropping up across the UK, the options continue to grow.
How to invest in UK property
Before beginning your investment journey, it’s vital to first consider the options available to you. Buying to let is a different proposition to buying for personal dwelling and should be researched thoroughly to ensure it’s the right path to take. Negotiating the UK’s property landscape can seem a little daunting for the uninitiated, with a plethora of property investment companies, estate agents and self-confessed ‘gurus’ offering to help you get started.
Who buys in the UK?
There are many different types of buyer in the UK property market. Alongside those hoping to get on the property ladder, foreign investment is also popular – around 80% of foreign investors are from Europe, with countries such as Italy, France and Germany representing a major chunk of international investment capital. Whilst this reliance on outside investment is sometimes referred to in bleak terms for UK buyers, the ability to attract foreign buyers is also a key part of the UK’s economic growth and helps fuel a country which is competitive and attractive to international trade.