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There is a strong appetite for British property among the expat community, according to the latest research from Lloyds Bank, with 26% wanting to buy a rental property in the UK.
 
The desire for a BTL property in the UK seems to be well qualified as 71 per cent of those surveyed who already own rental properties in the UK had tenants all year round, compared to just 47 per cent of those with rental properties overseas.
 
The relatively weak Sterling is proving fruitful for many expats, as their Dollars and Euros are now giving them access to more pounds than a few years ago. For example, a £300,000 property is now approximately 25 per cent cheaper to a European buyer than in 2007.
 
Richard Musty, Director, Lloyds Bank International Banking, commented: “Confidence in the UK property market is very strong. Our recent Investor Sentiment Index in March showed that consumer sentiment for UK property had grown by 50 percentage points since March 2013, so it’s not a surprise that Brits abroad are looking back home. While we welcome this investment in to Britain, it’s important that expats consider all their options and think about a range of investments in their portfolio and not just property.”
 
“UK property prices are strengthening and British expats don’t want to miss out on this investment opportunity. Our research shows that huge numbers of expats are now ready to take the plunge as they look to benefit from high rents and a relatively weak pound. With that in mind, any potential investor must make sure that they get the right advice before deciding to invest back in to the UK,” he added.
 

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