A Find UK Property survey on expats (UK nationals living overseas) who are looking to purchase a UK Property, has shown that most do not realize that income from such investment would be tax free up to £10,000 as they do qualify for a personal allowance.
A Find UK Property survey on overseas investors who have purchased a property in the UK, has shown that contrary to popular belief, most of their rental income is actually spent in the UK and not taken abroad. The positive effects of this on the UK economy are not widely appreciated.
A Find UK Property survey on overseas investors looking to buy UK property, has shown that most (53%) thought that a “YES” vote in the Scottish referendum will result in higher property prices in England. However, the majority did not think a “NO” vote would have any significant effects on property prices.
In the 6 months from January to June 2014, Find UK Property has seen a 55% increase in sales of low cost investment properties under £70,000 to overseas buyers when compared with the same period last year. This has been helped by the improved perception of the UK property market this year and investors switching from expensive London to property to lower cost property outside London.
Overseas investors consider certain factors to be key when selecting an investment property in the UK. Whilst in the past Find UK Surveys had shown that being near London was important, the recent survey shows that this is not the case and other factors such as price and rental yield are more important.
Previous surveys done by Find UK Property have shown that being near London was important when considering investment property. However prices in London have gone up sharply over past 5 years and rental yields are very low, making London less attractive to investors. This is confirmed by the recent Find UK Property survey which shows other factors to be more important.
Recent Survey by Find UK shows that over 42% of overseas clients including Expats are now looking to buy a UK property for investment compared with only 31% 5 years ago. Approximately 20% looking to buy for both holiday use and investment and under 24% need it for purely their own residential use.
Previous surveys done by Find UK Property have shown Investment and “Holiday Use” to be equally important reasons why overseas residents are looking for UK Property. Their latest survey shows the most important reason now is clearly purchase for pure investment.
High London property prices and low rental yields are changing views amongst overseas buyers looking for a low cost investment property in the UK. The April 2014 ‘Find UK Property’ survey shows that the percentage of people considering property outside London have more than doubled, compared with a similar survey done by the company 5 years ago in 2009.
This post explains why these types of full 2-bedroom houses priced at £52,995 are the best value investment properties in the UK. See the evidence below. Comments welcome.
-Fully renovated complete 2-bedroom houses for £52,995
-Already rented with 8% rent – £4,240 per year
-Full property management with guaranteed repairs and guaranteed rent option (at 7%)
-High rental demand – near town centres, university and railway station and all facilities
-Complete buying and long-term management service included with guarantees.
-Overall excellent investment returns up to 20% per year. You investment could double within 5 years.
See full details below
Two of the most popular countries considered by International Investors for property investment are the UK and Dubai. Our group companies (Find UK Property and Openshore Dubai Property) sell and manage property in both of these locations, and so we thought we would give you a summary comparing these two options – UK Property or Dubai Property. This post also appeared on the Openshore Blog in February.
In our latest surveys we asked clients who were looking to purchase a property in the UK about their views on how the market will change from now until end of 2015. Do most of them think prices will go up or go down? We also compared the results with a similar survey we did in 2009 – 5 years ago.
We also asked them about their views on Find UK Property – the company . We wanted to know what perceptions they had formed of the company from the website, and dealing with the sales team so far; and are they likely to buy from us. All of these clients had not yet purchased a property but had dealt with sales staff and had obtained information about our properties and services.
Some of the data is shown below