When looking for areas worth our time and money, a property investment UK will pop right on top of the list. But why is that so? What makes real estate assets in the United Kingdom worthwhile venture? Today, we find out. We’ve asked the experts to clue us in and here’s what they had to say.
First of all, there is a market for properties in the United Kingdom. With employment opportunities and business ventures as well as a high level of tourism, the demand for real estate assets is quite high. Truth be told, the land area of the United Kingdom stays constant and with a high demand and a low supply, values tend to surge up providing for great returns on investment.
It is likewise stable both politically and economically. The UK is a founding member of both the North Atlantic Treaty Organization and the United Nations. It is also a member of G8, a governmental political forum of leading advanced economies in the world. It’s even a world leader one of the world’s largest economies ranking in at fifth with $2.9 trillion next to the USA, China, Japan and Germany.
For investors that lease out their properties, prospective return awaits. The country’s distressed property sales market allows them to acquire assets at reduced prices and then offer them up for rent to people who could not afford to buy their own homes or their own office buildings.
In terms of tourism, it’s one of the biggest and healthiest. In 2016 alone, statistics show a total of 37.3 million inbound visits with visitors spending a total of £22.2 billion. Not surprising as the country comes with a massive and interesting mix of sights and spectacles from natural to man-made to historic to modern which makes it popular among many tourists both citizens and foreign visitors. This allows both the residing population and businesses to thrive allowing for more demand and therefore higher asset values and returns.
Population is at a healthy and steady growth. The UK ranks third as the most populated state in the European Union. The current level of populace comprised of citizens, immigrants and tourists create a demand. As mentioned earlier, this paves the way for more entrepreneurs to invest in the area who will therefore need properties to house their operations. This creates more jobs meaning more people who may need residential units.
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We could go on and on but that’ll take forever. The fact here remains. A property investment UK is definitely worth it.