EExpats are in ever increasing numbers trying to either get on the ladder or increase their current UK holding. The majority of expats see property in the UK as a “pension fund” or a way of laying financial security for the long term. Brexit has had it’s effect and will no doubt continue to do so until “the dust settles”.
Bricks and mortar have always been a national obsession. The wisdom that property is fundamentally a very good long-term investment has been passed down from generation to generation. To be honest over the years this wisdom has been very good advice and looks like being so for a good many years to come.
Expat mortgage applications are currently at an all-time high as they seek to establish a foothold onto the UK property market. It would seem that the high property prices do not deter the investor.
According to recently released figures UK property has been the most consistent performing market in the whole of Western Europe. It is therefore not surprising that so many people want to invest in an ever-shrinking market.
Property values have increased year on year for the last 10 years and look set to continue to do so albeit at a lesser rate.
Good time to buy in the UK?
The very quick and simple answer is yes.
The affordable properties that are available to purchase seem to be diminishing on an annual basis, which without doubt will mean higher prices to pay in the future. The good thing is there are still some very good mortgage deals around for expats so it could be the right time to start your search.
If you require help with your current or new mortgage please call one of our experienced advisers who will be happy to assist.