Reasons To Buy Property in London
Why London should be an important part of your property portfolio?
London needs no introduction. It is one of the financial, property, fashion, education and art capitals of the world. It is also time and again voted to be the Number 1 city in the world to live in.
International clients from the Middle East and South Asian regions have a long and much beloved attachment to London with most people looking for a holiday home as a base from which to explore Europe during the summer or expanding their investment portfolios with strategic buy to let as well as capital growth purchases.
Buying a property in one of the oldest, most robust, stable markets which has performed consistently despite booms and busts in world economic cycles is the best way to make your money grow passively in a low risk ,steady way. Whilst there are small fluctuations with prevailing economic conditions, the London property market has always enviably had an upward growth trajectory in the long term.
London is viewed as one of the cities with the strongest global presence in the world. It is one of the world’s most international and connected financial hubs providing unrivalled access to global markets. It is home to more bank headquarters than any other place in the world and to the European headquarters of 40% of the world’s top companies. This means a constantly growing population and therefore a buoyant rental and sales property market.
It is also one of the top tourist destinations in the world. Attracting 27 million visitors every year, it is the most visited city in Europe. Steeped in rich history, it’s no surprise that London is top of so many people’s travel plans. From stunning parks, unique markets, world class shopping districts to iconic architecture, museums, art galleries and amazing dining experiences, London is a great market for short term rentals.
London’s main appeal to second home buyers is the world class education it offers. London has always maintained its place as first position among the top educational hubs in the world. Almost 1.4% of the population of the UK are students out of which 40% are international students. This means there are always parents buying second homes for their children or themselves when they visit and investors who want higher returns by letting to students.
London is now undergoing huge regeneration in certain key areas, the city is getting a major facelift in the previously less desirable areas and enticing more buyers onto the property ladder with new, modern apartments with bespoke facilities and extremely long leasehold with relatively lower prices than the already built up areas. This means huge growth potential in such areas which is why investors are so keen in regeneration areas.
The property buying process is done through secure legal framework and ensures full clarity and transparency for the buyer. It is a simple, step by step process which can be done completely remotely and hassle free from the search of the property, to the virtual site visits to the transaction process. Mortgages are readily available for international clients too. Here at One Uk Properties, we will be with you every step of the way. We partner with special International mortgage brokers, UK tax advisors, UK Conveyancing lawyers and Lettings/ Management companies so that you have a completely streamlined experience.
