Exactly what are the options for getting exposure to residential property?The buy-to-let boom of current years has fed the stereotype that Brits are uniquely obsessed with property. Statistically this appears to be little bit more than a myth.The most recent information from Eurostat show that 64.8 percent of the UK adult population lives in a property they own compared with an EU average of 70.1 percent. Only the Germans and Danes are less likely to be owner-occupiers. In addition, just 17.1 percent of individuals resided in market rental properties in 2014, again well below the EU average (the UK has a bigger proportion in social and council real estate).
Purchasing a new home can be a long and drawn out procedure at the very best of times and purchasing abroad can toss up a totally brand-new set of possible troubles to overcome.Two specialists from Foley Homes overseas property legal representatives Judicare provide their top tips on what you have to think about before purchasing a brand-new home overseas. Ask yourself what you are hoping to accomplish from the property. It’s incredibly unusual for a property to have all three qualities so it’s imperative that all buyers concur on the priorities and functions of the property now and in the future. Be sincere with yourself and with any co-buyers.
Need for homes fell back for the very first time in over a year in April, as a stamp duty hike and unpredictability over the looming EU mandate indicated housing market activity took a time out, according to property surveyors.The Royal Institution of Chartered Surveyors (Rics) said a net balance of 22% of surveyors reported a fall in new buyer enquiries, with the cooldown in interest seen across most of the UK.Scotland and East Anglia were the only areas to see some modest development in purchaser enquiries, Rics said.It marks the first time since March 2015 that interest from brand-new purchasers has normally fallen back.