With a lot of uncertainty still surrounding the UK with regards to Brexit and its future relationship with the EU, many foreign investors are keen to see where the opportunities lie. As the value of the Euro is up against the value of sterling, a lot of EU nationals visiting the UK are finding their money is going further than it might have done before the referendum was called in June 2016.
If you are keen to take it one step further, you might find that a good option to grow your finances would be to invest in the UK property market. As with a lot of Western Europe, there are all kinds of opportunities, and the increasing returns that are seen in the UK only make it a more attractive proposition. Here’s a guide if you want to try it yourself.
The Brexit Question
Even now, nobody is quite sure how Britain is going to depart the EU, if at all. Before you make any rash decisions, it will be important to keep a close eye on what Britain’s relationship with the rest of the continent will be.
There are calls to end the freedom of movement of EU nationals, so if you are planning on moving from the EU to the UK, your experience might be closer to that of someone who is looking to gain a UK work visa from outside the EU. The political situation has been fluid for some time, but the best way to make long terms plans is to educate yourself and keep your ear to the ground.
Where the Opportunities Lie
Within the UK itself, it is no secret that London and the South East of England have had troubles in the supply and demand of housing for the last couple of years. This is because not enough new homes are being built, and there are more people moving to London in search of property. For the single property house flipper, this means that initially getting on the ladder will be difficult.
For those who are in the business of house building, you might find that councils and local authorities are looking for contractors to build affordable housing in areas of green and brown belt land. Elsewhere within the UK, other cities are facing similar problems to London, but on a less acute scale, as the population density is lower in these parts of the country.
Investing in the Markets
Moving to the UK is a big undertaking for anyone to consider, but the opportunities are huge here for all ambitions. Read up on the guides to help you through the more technical side of things and have a think about how you can make your own mark on the property market here. There are a number of options you can take with regards to how you can get involved. As we mentioned earlier, some people are happy to flip houses as a means of accruing profit, while others might be more inclined to create full property developments.
For those who want to be a little more hands-off in their approach, there are even options to invest in a property fund that will be managed by a specialised financial adviser. This takes the pressure off the individual and allows a trained professional to find the areas within the market that will see the biggest returns.
While a lot of the media is painting Brexit as a doom and gloom scenario, there are still plenty of opportunities for investors to get involved in the property game.
