UK property market is one of many investors’ most sought-after European property markets. The reason for this ever-growing interest of investors is affordability. Yeah, we already know that the UK is still pretty much expensive compared to the rest of the world. But, it is the most affordable property market in Europe, with an expected growth of 21.5% by 2025.
21.5% is a significant number considering the financial situation of the UK after the pandemic and a predicted recession in the global economy.
Here are the reasons why you should be looking towards the UK for safe investment:
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In recent years, when the global real estate market was crumbling, UK’s real estate still appreciated slowly and steadily. The reason for this balance was investors’ trust as they didn’t take out their money in bad times.
The property appreciation rate of London remained to be 7% in 2021. Considering the global real estate market situation, this seems to be a considerable number.
Investors predict a high rise in rental properties in the UK in the coming years. According to JLL, the average rental price of a UK property can increase by 2% per year for the next five years. This is a big attraction for real estate investors.
It is a hectic task for investors to manage properties, especially in a far-off area. But, there is a property management service that eases the job for investors.
According to many investors, property management in the UK is one of the best in the world. Research by arma.org tells us that over 8704 property management companies are working in the UK.
These property services play a massive role in attracting investors and keeping the real estate circuit in motion.
In recent times, the Government of the UK has enjoyed full credit for the rise in the UK’s real estate. In 2021, the UK government reduced the stamp duty land tax (SDLT) until October 2021, which brought a big majority of investors towards the UK.
The UK government is also active in providing subsidies and tax reliefs on properties to boost their real estate industry.
Worldometer says that the population of the UK has gone from 67.8 million to 68.4 million within one year. This is only the number of UK citizens; there is a large population of tourists, visitors, temporary residents, and business people in the UK.
These people require accommodation at reasonable rates, which creates a demand and supply gap. This demand and supply gap is the reason for the increasing prices of UK properties.
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