Quote Ref: WS1

UKinsuranceNET will be open over the holiday season – but we will be making some slight alterations to our usual hours –
Friday 15th December: 8:30am to 4pm ~ Friday 22nd December: 8:30am to 5pm ~ We will be closed Christmas Day and Boxing Day ~ Wednesday 27th December: 9:00am to 5pm ~ Thursday 28th December: 9:00am to 5pm ~ Friday 29th December : 9:00am to 5pm ~ Saturday 30th December: Closed ~ We will be closed New Years Day

British expats investing in buy to let in the South East

forsale.jpg

The Greater London area and the South East of England are becoming hotspots for British expats investing in UK property to let out while they are living abroad says new research.

The data from Skipton International revealed that London and the South East accounted for 65% of all expat buy to let properties with:

  • 40% investing in Greater London;
  • 25% buying investment properties in the South East;
  • 10% buying in the South West and the North West;
  • 15% buying investment properties in the rest of England and Wales.

A spokesman explained: “Property prices in London have increased significantly in the past few years, meaning that capital gains have been very attractive for investors. British expats have many reasons for investing in buy to let property in the UK and long term investment is usually the most important.”

A previous study from Skipton highlighted that 35% of expats cited long-term investment as their main driver for investing in the UK buy-to-let market. Other reasons included:

  • pension planning (19%);
  • wishing to remain invested in the UK property market (12%);
  • rental income (10%);
  • unwillingness / inability to buy property in the country of residence (9%);
  • security of investment (3%).

The number of British expats investing in the UK property market has increased in recent years. Previously, expat mortgage products were not readily available, with the expat buy to let sector typically only available to cash buyers.

However, expat buy to let mortgages as well as landlord’s insurance for expats, while still specialist products, are becoming more readily available.

There are currently no comments

Leave a Comment

* Indicates a required field