Expats See Top Returns From Low Cost UK Property

By Fiona Moore, for ExpatBriefing.com 03 September, 2014

A UK-based company that specializes in finding properties for overseas investors has said that it saw sales activity on behalf of UK expats increase by 60 percent during the first half of this year, compared with a year earlier.

Find UK Property said that sales to expats and to non-UK nationals of properties worth GBP70,000 (USD116,000) or less had risen by 55 percent during January to June, 2014, against the same period in 2013. The most popular properties were worth between GBP70,000 and GBP55,000 coming with full management, repair guarantees, and guaranteed rent.

According to the company, many residents of other countries see the UK as a "safe haven" when considering long-term property investment, with well-regulated selling laws and clear title ownership.

Andy Noble of Find UK Property explained that investors are being forced to look beyond London due to high prices. He said that Find UK Property's best-selling house costs GBP54,999 and delivers a rental yield of eight percent, while a comparable two-bedroom property on the outskirts of London could cost over GBP250,000 and deliver a rental yield of just three percent. Noble added that less expensive properties often have greater potential for capital growth, and also give investors greater flexibility.

Tags: United Kingdom | Expats | Investment | Property Investment | Invest | Investment |

 





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