London is a cosmopolitan metropolis that is a melting pot of people from all over the world. The residents of London experience varied cultures, amazing infrastructure and unbelievable opportunities. It is no surprise that London ranks high on every real estate investor’s list. London has one of the most thriving real estate industries in the world and property values only keep on increasing every year. Want more reasons why you should invest in London real estate? Read on as we list a few of them below.
Global Market
Each year, the number of foreign investors in London is increasing. The investors come from The Americas, India, Russia, other European countries, The Middle East and other parts of Asia. Being a global market makes it easy for a foreign national to buy a property in London. The process is almost the same as it is for a citizen of the UK.
Transparent Process
Buying property in The UK is a very transparent process. This is because of the availability of abundant data online. The UK ranks third on the list of the most transparent real estate markets in the world. The regulations here are investor-friendly and clear barriers to the transfer of funds and real estate ownership.
Increase in Value Due to Innovations and Investments
The UK government creates many schemes that aim at increasing innovation and investment in London. Research and Development tax credits, the Patent Box scheme and the Enterprise Investment Scheme are only some of the steps taken by the government to reward small and large companies to invest in London.
Great Infrastructure
London is a business and financial hub with perhaps one of the best transport systems in the world. London boasts an excellent tube network and 5 international airports. More funding schemes are being put in place to further improve transport. All of these are directly increasing land values exponentially. A great example of this is the Cross rail that connects East London to Reading. This development has already caused increased prices of the properties nearby.
The Currency
The Pound is at a low when compared to the US Dollar. This means that Dollar pegged investors in real estate now have greater purchasing power. Buying property in London right now may be a great investment for the future.
Liquidity
As one of the world’s most coveted property markets, London will always have buyers. It is, therefore, one of the most stable, secure and safe properties you can invest in.
Student’s Hub and Public Facilities
London is filled with heritage and culture. There are numerous parks, libraries, museums and other cultural attractions in London. Many real estate investors find it extremely rewarding to buy properties in London and be in close proximity to the world’s best universities and educational institutions.
High Housing Prices and Low-Interest Rates
The low-interest rates and high housing prices mean that you can have an excellent return on investment. You can also avail of mortgages even if you are not a resident or citizen of London making it easier for you to buy property in London as a foreigner.
High Demand for Land
Land is always in demand and there is no new supply of it. The demand and prices of land will continue to rise in the foreseeable future. Property in London can be a great investment for you.
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