More and more foreign buyers are interested in the UK property market

Increasingly, UK expats and foreign nationals are turning to UK property for investment purposes.

Media City, Salford in Greater Manchester seen from across the water

Due to the low stock, properties in Manchester are renting out quickly and quickly. In Q3 2021, there were over 2,750 completed rentals in Manchester, 10.3% more than what we saw in the same period of 2019.

London Eye on the South Bank of the Thames

After the terrible effect of the pandemic on London’s rental market, the prospects are starting to open up for British expats and foreign rental investors looking to the capital.

All land in Hong Kong is owned by the state, making property both expensive and difficult to buy.

The UK’s BNO passport program in Hong Kong continues to contribute to the constant flow of foreign investment into the UK.

With an increasing number of overseas buyers turning to UK property, we are taking a look at the reasons for this increase and where to look.

Prices are on the rise again in the capital, as are the growth in rents, meaning now is the perfect time for UK expats and overseas investors to purchase investment property in London.

– Stuart Marshall

MANCHESTER, GRAND MANCHESTER, United Kingdom, December 13, 2021 /EINPresswire.com/ – Increasingly, UK expats and foreign nationals are turning to UK property for investment purposes. Those who live and work in the United States, Canada and the Far East face strong investment prospects, encouraged by a weaker pound, the availability of foreign national mortgages, confidence in the UK housing market and economy in general, and a vaccination program that promises to keep overseas travel a separate possibility.

What we are seeing – British expats and foreign nationals are turning to UK ownership.
‘Number of british expat and foreign nationals buying in UK with the help of UK expats and foreign mortgages were incredible during the pandemic, ”said Stuart Marshall. “But there is no sign of slowing down in our new post-pandemic world either. For the record, we have seen a huge increase in the number of inquiries about getting a mortgage in the UK while being paid in a currency other than Pound Sterling. As restrictions have eased we have seen a commensurate increase in UK mortgage applications from UK expats and foreign investors. And many of them are looking around the £ 500,000 mark, indicating that investing in the UK property market is no longer just for the super-rich working overseas. In addition, newbie investors are also increasing their volume of inquiries with the aim of securing a lucrative share of the UK investment market. ‘

There are a lot of interesting things to note when reviewing the inquiries we receive. First of all, investment in the UK property market remains strong from the Far East. This is undoubtedly due, in part, to the UK BNO passport program in Hong Kong, which continues to contribute to the constant flow of foreign investment into the UK. New build properties are also a popular choice with UK expats and foreign domestic investors the minute they try to sidestep supply issues and capitalize on the lower cost of new build. Another factor to note is that investors see the opportunity offered by downtown apartments. While these types of properties are no longer as popular as they once were in the real estate market, they are once again becoming more popular in a struggling rental market for stock. The more affordable cost of these properties, coupled with the rising rental costs, is the perfect combination for a quality investment using a UK or overseas expat mortgage.

Finally, London continues to maintain its popularity with foreign buyers, with falling prices in the capital proving an incentive for foreign investment. Prices are on the rise again in the capital, as are rental growth, which means now is the perfect time for UK expats and foreign investors to purchase investment property in London.

London.
After the terrible effect of the pandemic on London’s rental market, the prospects are starting to open up for British expats and foreign rental investors looking to the capital. “As we said, most of the inquiries we get are about the London property. This is a proven route for many British expats and foreign nationals and somewhere they know well. The pandemic has massively affected the rental stock, with 57% less housing available for rent in the capital in August 2020 compared to the previous year. This lack of available housing is putting upward pressure on rental prices, with London rents set to return to pre-pandemic levels by mid-2022.

“Crucially for UK expats and foreign domestic investors, the sales market in London remains attractive, with prices well below what is typically expected in the capital market. There were 14% people. by looking to buy in London in August 2021 less compared to the pre-pandemic market of 2019. This contributes to an increase in the stock of goods for sale in the capital (19% more in 2021 compared to the same period in 2019) This excess stock ensures that prices stay low – a great thing for UK expats and overseas investors looking to capitalize on rising rents by using a UK or overseas expat mortgage.

North West.
“The North West is another region that we recommend to many British expats and foreign investors looking to buy in the UK. For those unsure of where to buy, the Northwest presents a proposition that is hard to resist.

A region of the northwest of particular interest is Manchester. In recent studies it has been found that the number of properties available for rent in Manchester has fallen below 500. For a population of 500,000 this means that obtaining rental property is incredibly competitive – a good thing for UK expats and foreign investors who own rental property in Manchester. Due to the low stock, properties in Manchester are renting out quickly and quickly. In Q3 2021, there were over 2,750 completed rentals in Manchester, 10.3% more than what we saw in the same period of 2019.

“There is a great opportunity for British expats and foreign investors in Manchester at the moment. Zoopla reports that the average rental price in Manchester city center is currently £ 1,505 per cm, around £ 500 more than the UK average. Average studio and T3 rents have increased by 6% over the past 3 months due to the supply constraint. The average rental yield in Manchester now stands at 8.55%, more than double the UK average. ‘

The numbers in Manchester speak for themselves, so it’s no surprise that many British expats and foreign nationals are asking about mortgages for properties in Manchester and the rest of the North West. With so many UK expats and overseas nationals looking to invest in the UK with a UK or overseas expat mortgage right now, it is important to know the areas in high demand in order to maximize the return on your investment and to guarantee financial stability for years to come.

Liquid mortgages to expatriates
Unit F2, Waterfold Business Park,
Bury BL9 7BR
Telephone: +44 (0) 161 871 1216
www.liquidexpatmortgages.com

For all media inquiries, please contact Ulysse Communications
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+44 (0) 161 633 5009

Sergio Pani
Odysseus
+44 7811 326463
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