While many UK buyers are heading to the continent before Brexit to ensure they don’t miss out on their European Union rights, many others are heading the other way. The weakened pound means that while Brits heading south are counting the cost, those coming home are cashing in! If you’re returning to the UK and buying property, you’ll benefit from a great exchange rate and a buyers’ market.
International buyers have flocked to the UK property market in recent years. According to figures compiled by estate agents Savills, London has been the number one destination for cross-border investors in residential property over the past decade. And this trend shows no signs of letting up, with overseas investors snapping up 3,600 of London’s 28,000 newly built homes between 2014 and 2016.
The British love a holiday home! Although we may associate them with buying “a place in the sun”, there is a lively second homes market within the UK too. For buyers from abroad, a holiday home in the UK offers the chance to enjoy Britain’s most beautiful towns, villages and coasts yourself, or to rent your property out. Or maybe a bit of both. So here are eight amazing places to start your search for a holiday home in the UK.
Where do I start? When you come to do the research prior to buying a home in the UK, a better question might be, “Where do I stop?” There is so much information out there! This includes dozens of house price indexes, thousands of websites and hundreds of forums and blogs. For detailed information, a good start will be Rightmove, the biggest property portal in the UK. This is also the place to start looking for property. Virtually every estate agency in the country will put its properties on Rightmove – it’s the first question vendors ask. The website has plenty of tools to help you assess the
Buying a home overseas is one of the biggest purchases most of us will ever make. At a time when you’re spending a considerable sum of money, forking out for a building survey – which isn’t mandatory in the UK – might seem like another expense you could do without.
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