“Our best-selling house costs just £54,995 and delivers 8% rental yield. The same 2-bed house on the outskirts of London could cost over £250,000 and deliver around 3% rental yield.
Lancashire, UK (PRWEB UK) 28 August 2014
Find UK Property have analysed sales data for the 6 months from January 2014 to June 2014 and compared it with the same period in 2013. The results have shown a large 55% increase in sales of low cost investment properties to overseas investors. Some of this increase has been due to increased enquiries from UK Nationals living overseas (Expats), sales to whom have increased by 60% when compared with the same period last year. However, sales to all types of buyers, including non-uk nationals have also shown large increases.
Many residents of other countries see the UK as a “safe haven” when considering long term investment in property. The UK property buying process and selling laws are well regulated and long term title ownership is clear cut. In the past the main desired location has been London due to its familiarity with buyers from most countries, who may visit London and may also have existing links with relatives and contacts in the capital. However, this now seems to be changing.
Andy Noble, Senior Marketing Consultant at Find UK Property explains “High London property prices and low rental yields is forcing ordinary overseas investors to look elsewhere as London is not affordable. The low prices, overall good value and high rental yields offered by property outside London in areas such as Lancashire has resulted in increased interest in our company”
He added: “Our best-selling house costs just £54,995 and delivers 8% rental yield. The same 2-bed house on the outskirts of London could cost over £250,000 and deliver around 3% rental yield. Thus, for the price of 'one' house in London, an overseas investor could get 'five' similar properties in the Lancashire area, have double the rental yield of around 8%, potentially greater capital growth, and more future flexibility in that some properties could be re-sold whilst others retained.”
About “Find UK Property”
Find UK Property are the 'buyers' agent and specialize in helping serious overseas buyers find the most suitable investment property for their needs. The company conducts regular surveys on overseas investors and findings are printed at their “UK Property News” Blog at http://blog.findukproperty.com.
The most popular purchase are the fully managed low cost houses in the price range of £55,000 to £70,000 that come with full management, repair guarantees, and guaranteed rent. Many clients are seasoned investors who may have purchased investment property in other countries via sister companies Openshore Property and Sandcastles based in Dubai. Further details can be found on the Find UK sales website at http://www.findukproperty.com