An interesting article in a recent publication in the National corroborates the increase that Home Matters has seen over recent months in UK property purchases from both UK and foreign investors. This upward trend is not limited to London. The other major UK cities are also seeing an increase demand from overseas investors such as in Manchester, Newcastle and Liverpool. With rates available remaining competitive, income yields are strong. The article quotes ‘’ Investment sales in the cities central business district are up nearly a fifth in the first half of the year, compared with the same period last year” “ a decent number of those new registrations are from the Middle East”. Despite the UKs fractious government and encroaching exit from the EU, London’s prime central market remains a solid long-term bet.”
Another article in Property reporter UK, reports that UK rents have risen by an average of 2.1% during September, continuing the trend towards higher rents seen in recent months, following a period in which rental price inflation was very low or even negative and quotes “Rents also rose in London, for the second month running after a four-month period in which annual rental price inflation had slipped into the red. Rents in the capital were 1.9% higher last month than in September 2016, with the average tenancy agreed in London last month costing £1,593.” This further backs up the attraction in the UK market, despite the Bank of England base rate increase last week.
To read the full article please follow the link:
To find out more about how Home Matters can assist you with purchasing in the UK or the UAE please contact one of our expert Mortgage Consultants on 800 MORTGAGE
Written by Tanya Wildman, Training and Development Manager