UK properties is one of the best investments you can make, and for plenty of reasons. Find out why now’s the time to invest in UK real estate by reading the following five benefits of investing in UK properties.
1) Affordability
Property in the UK is substantially cheaper than property of a similar size and quality anywhere else in Europe. The average cost of a home in the UK is £245,000, which equates to $326,000. In comparison, the average price of an apartment on the outskirts of Paris is around €1.2 million (£1 million), or $1.4 million. This means that for every dollar spent on property, you get more space for your money.
2) Stable market
The London property market is a strong and stable place for investment. Since the financial crisis of 2008, many markets have fluctuated wildly. London has seen a steady, gradual growth over the past decade, which is set to continue for the foreseeable future.
3) Low tax
If you’re looking for a place to invest, the United Kingdom is a great choice. With low taxes, it’s more affordable than other places like Hong Kong and Singapore. The cost of living is also lower, which means you’ll have more disposable income left over at the end of the month. Plus, property prices are stable and appreciating.
4) Room for growth
The British property market has been on the upswing for years, and there is no sign that this growth will slow down. Over the last five years, according to data from the Office of National Statistics, house prices have risen by over 100%.
5) Solid rental demand
The rental market is strong and has been improving over the past few years. Demand for rental accommodation is predicted to rise by 3% per year, making it a sound investment.
This will result in more tenants looking for property, which will drive up rents. This increase can be offset by an increase in rent prices, but this will also increase the return on investment (ROI). There are also many tax benefits when investing in buy-to-let properties.
Ayana Properties is a top-tier UK estate agency with offices in the Middle East, Africa, and India. Its award-winning and highly skilled staff provides professional guidance on purchasing, investing in, and managing real estate in London, Manchester, Birmingham, and other parts of the UK.
