February 29, 2008
Investors from abroad looking to buy in the UK
According to recent research by the property experts Knight Frank has brought up some astonishing information that could just keep the UK property market going even though the market has all the appearances moving into a downturn situation.
Of course we are not talking about the average type of property here, the survey covers properties which are valued at between £1 million and £2 million, the surprising fact about the sector of the market is that the buyers are made up as you would expect of different people, in this case nearly forty per cent are from abroad, mainly Europe, Russia and the Middle East.
The UK has always been of interest to foreign buyers, whatever the reason, but recently there are more and more wealthy people investing in the property market, which is going to have an impact on the market but only on the high price range homes, this will keep the market averages level, but there are other factors involved in a stable property market.
Source [Property Repossessions]
Add to Bookmarks:
Related stories to Investors from abroad looking to buy in the UK
Next: UK Property Legal Help »
Visited 95 times, 1 so far today
Comments
Leave a Reply