With the rapid development of society, more and more overseas buyers are going to the UK to purchase real estate, and domestic buyers also account for a considerable portion. Why are overseas buyers so interested in British properties?The British real estate editor will briefly introduce the reasons for you.
1. Vacancy rate
Nowadays, anyone who understands the British real estate market knows that the vacancy rate of rental housing in the UK is very low and the demand is very high, which makes renting out a house very difficult. It's very easy and also leads to an increase in home prices. According to the "2022 Vacancy Rate Survey Report" released by the Shell Research Institute, the vacancy rate in the UK is as low as 0.9%, which means that almost no houses are vacant.
2. Education level
It is very attractive to buy a British property to provide a comfortable accommodation environment for your children. The British education level has been recognized globally and it has rich The educational resources have attracted many overseas students to come to the UK for further study.At the same time, real estate investment can also be used for rent, providing a stable source of income for the children's future education and life.
3. Transparency of the housing market
As one of the representatives of the capitalist empire , Britain has a development history of more than a century in the real estate market. Today, the British real estate market has formed a relatively mature, transparent and complete system. The laws and regulations in it can not only protect the rights and interests of local home buyers, but also apply to overseas home buyers. When buying a house in the UK, you must use a solicitor to complete the purchase process. Additionally, if it is an off-plan property, loan repayments will begin upon delivery of the home.In short, the UK property market has a high level of transparency.
