2-Bed Terraced Houses Outside London are the Most Popular Purchase for Overseas Investors buying Low Cost UK Property
Lancashire, UK (PRWEB UK) 31 October 2014 -- Find UK Property conducts regular surveys on non-residents who are looking to buy or have purchased property in the UK. A recent survey conducted in late September 2014 showed that the most popular properties being purchased outside London for pure investment were 2-bed terraced houses.
Investors living overseas (include expats and foreign nationals) see the UK as secure country for long term investment with the aim of using rental income for children’s UK education, their UK holidays or ultimately as a pension. Such buyers are looking for investments that would give the best net rental income.
The survey conducted by Find UK showed that over 50% of such investors were considering 2-bedroom terraced houses. In total less than 16% were considering non-terraced houses.
Andy Noble, Senior Marketing Consultant at Find UK Property said “The low prices of terraced houses outside London and high rental yields means that such properties are the best types for investment.”
He added: “Increasing number of overseas buyers are now looking closely at rental yields to generate income and their research is taking them down the road of buying lower cost terraced property away from London. This generates higher income for the same total value of investment. Our best-selling house in the North West of England 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.”
“Even outside London, the type of property matters. For the same price as ONE large detached property costing around £300,000, an investor could purchase 5 or 6 smaller 2-bed terraced properties that would give more than double the total rental yield and provide more flexibility in the future as some properties could be sold whilst others could be 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
Hashim, Find UK Property, +44 1282882424, [email protected]
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