It is an excellent time to buy property particularly in London. There are now an average of 5.5 tenants competing for each property with supply continuing to fall - levels down 36% from September 2008 - the demand is set to further increase over the coming months.
Nevertheless, we don’t expect the UK property market to rebound significantly in the next 12 months; however there is currently a small window of opportunity for foreigners to gain a foothold in the UK market. Severe undersupply of rental properties, coupled with low interest rates and a weak pound exchange rate have created the ideal environment to invest in distressed property.
Nevertheless, we don’t expect the UK property market to rebound significantly in the next 12 months; however there is currently a small window of opportunity for foreigners to gain a foothold in the UK market. Severe undersupply of rental properties, coupled with low interest rates and a weak pound exchange rate have created the ideal environment to invest in distressed property.
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