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 long-term investment” or a way of laying financial security for the future.
Bricks and mortar have always been a national obsession. The wisdom that property is fundamentally an exceptionally 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 2021 remains incredibly positive. It would seem that the high property prices do not deter the investor.
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 most certainly 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.
Leaving the EU.
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.