Expats investing more in UK property

Published:  26 May at 2 PM
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Expat investment in British buy-to-let property is on the up, according to offshore bankers Skipton International.

The bank’s managing director Jim Coupe said that there has been strong interest from all across the globe, but particularly the UAE. He explained that many customers now considered the London property market as “overheated”, resulting in them looking elsewhere in the UK for properties with rental yields that are more appealing to but-to-let investors.

With investors cautious about putting funds in to a sector they viewed as overheated, they began looking to other areas of the UK around a year ago, with regional cities, especially in the north of the country, experiencing significant rental growth in the first quarter of this year.

UK property management agency Homelet conducted research on the current trends and discovered that rental prices in the first quarter of 2015 shot up by 10 per cent, with regional cities experiencing faster growth than London.

British expats living and working in the UAE are in a strong place to benefit from the UK’s regional rental market, largely thanks to their high and tax-free incomes. But expats residing in places such as Hong Kong, the Caribbean and the US are also well positioned to take advantage of the UK market as it stands.

Coupe explained that many expats now want to make suitable long-term investments, which property is now starting to represent. He added that they could use their knowledge of their homeland to purchase properties that were considered good value and appealing to would be tenants.
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