Expats 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 future.
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.
Expat mortgage applications are currently at an all-time high and the outlook for 2019 remains positive. It would seem that the high property prices do not deter the investor, a recent client commented “with so much uncertainty in Western Europe property the UK offers remarkable value even with the Brexit uncertainty”.
According to recently released figures the UK property market has been the best performing in the whole of Western Europe. It is therefore not surprising that so many people want to invest in an ever-shrinking market.
Is it a good time to buy in the UK?
The very quick and simple answer is yes, if you have the funds for a deposit now would seem the right time to buy. 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.
This is the one only unknown area that could affect the property market, if all the experts are correct it is unlikely to have any lasting long-term damage.
If you require help with your current or new mortgage please call one of our experienced advisers who will be happy to assist.