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.
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.
As one of the most vibrant and iconic cities in the world, London’s popularity with property buyers is guaranteed. Add high salaries, a lack of development space, strict planning laws and a penchant for a garden to this demand and it’s easy to see why property prices are so high.
In many countries auctions are the main way of buying property. In the UK, however, despite the TV show Homes Under the Hammer being a mainstay of daytime TV, it is still relatively rare. For buyers from overseas, property auctions can make particular sense.