Is it still necessary to invest in London property at this time of the epidemic?
Even though the epidemic is spreading all over the world, it has not stopped the enthusiasm of home buyers, and overseas property has been driven by the epidemic, with property prices gradually rising. What are the advantages of UK property investment under the epidemic?
1, the number of population continues to grow, the priority of developable land, the market supply exceeds demand.
2, the UK social environment is stable, the legal system is very sound, and the market transactions are relatively mature.
3、The UK has a perfect education system and top educational resources.
4、The conditions for overseas people to purchase property in the UK are almost indistinguishable from those of local people.
5、Property rights are permanent and can be inherited.
6、Diverse and low interest rate bank loan policies.
7、Low down payment and high rental return.
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UK property
UK property prices are rising, and a large part of the reason is that property has been in short supply for a long time. The per capita ownership of land in the UK is relatively small, and if the country needs to mobilize land, the procedures needed to be carried out are relatively cumbersome, and the UK population has been showing a rising trend. According to experts' predictions, the population of the UK may reach 68 million in 2025, and the population will exceed 70 million by 2030. According to the statistics, the housing shortage in London reaches 360,000, and it is because of the serious imbalance between supply and demand that house prices and rents have been increasing continuously.
UK Property
British property is very popular, except for the quality education resources, in fact, and the investment environment has a greater relationship. The UK's politics and economy are relatively stable, the country's legal system is sound and transparent, and the crime rate and natural disasters are very low, so it is a relatively high-quality place to live. The development of the UK property market has become more mature after a long period of time, coupled with a perfect system, the purchase of property in the UK can get a good protection of interests, at least investment in property will not appear rotten.
UK Property
Overseas buyers in the UK enjoy similar policies as locals, and the UK government has almost no restrictions on the resale of overseas buyers' properties in the future. And compared to China's current land use rights policy (70 years for residential/40 years for commercial), there are two most common types of residential property rights in the UK - Freehold and Leasehold, with common lease terms of 125 years, 250 years or 999 years.
In other words, if you buy a freehold house, as long as you don't sell it, the house and the land underneath will belong to you and your family forever, for generations to come! British law is even more explicit in that the landlord has the right to pay a fee to renew the lease when it is about to expire. Generally speaking, when the lease term reaches 80 years, you can get a solicitor to renew it, and most houses can be successfully renewed for a few thousand pounds.
Overseas buyers can also get a bank loan to buy a property in the UK. In general, the interest rates for loans in the UK are much lower than in China. Depending on the bank, the interest rate is generally 2%-4% plus the Bank of England's prime rate.
According to the purpose of the property, loans for buying a house in the UK can be divided into owner-occupied loans and investment loans. An owner-occupied loan can be applied for up to 80% of the house price, while an investment loan can be applied for up to 70%-75% of the house price. Overseas buyers can apply for loans that are also generally around 50%-60%.
In addition to conventional loans, the UK also offers Buy-To-Let Mortgages, or "rent-to-own" loans, which allow buyers to rent out their homes and repay the mortgage by collecting rent each month, theoretically eliminating the need to pay extra money to maintain the home.
The above information is for reference only.
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Thamesestone Homes is the investment arm of a large UK student accommodation
Thamesestone is the investment arm of a large UK student accommodation and property management company.
The team consists of investment experts who have been working in the overseas real estate market for many years
dedicated to providing Chinese high net worth clients with secure, stable
We are committed to providing Chinese HNW clients with secure, stable and comprehensive overseas asset allocation services.
We specialize in UK school property investments and only recommend properties in areas that are easy to rent or sell.
After the transaction is completed, the property can be handed over to our professional team for charter management
We can provide you with a stable return on your investment.
Our team in China and the UK will provide you with diversified one-stop services
From purchase, escrow to sale, you will have no worries.
