Everyone wants to invest his hard earned money into something which is safe and promises a fair return on Investment. Investing in property has been a very popular choice of the investors apart from the savings, investing in the financial sector.
Property investment in London is considered to be most attractive investment offer since the financial sector is more volatile and the bank savings offer low rate of interest. The property consultants in London offer a huge range of property investment options. The options may be for the Buy-to let investor who buys the property from the spare funds he has and hence let the property and enjoy the rent forever. A first time buyer who buys the property from his hard earned money for his own use. There may be investors who buy the property quiet often with a view of enhancing the luxury of their living with every new purchase.
Purchasing a property in London is very diverse as compared to the other cities. This investment can be done on any scale from simply purchasing an apartment to buying a commercial building or a vacant lane.
Many of the investors happened to become the property consultants only by the ownership of one unit. The purchase of one unit becomes two and then the two becomes four and like this the snowball effect occurs and the enthusiasm to purchase more property and make more profit out of it increases and turns into a full time occupation.
Though it seems very lucrative but as any investment opportunity has its own risks, similarly investing in the property might also have fluctuating property prices or low rental demands and hence it is recommended that the property investment should be considered as a long term investment.
UK is a highly attractive investment options for the overseas financial investors currently. Since the pound has strengthened and the foreign currencies have weakened, London is looked upon as a safest place for the property investors. As according to a recent survey forecast, the property prices in London are expected to rise by over 10%. The increasing population in London and accordingly low supply of built homes due to the shortage of suppliers makes the property business all the more profitable.
London is considered to be the most flexible property market and the initial investment than an investor makes is likely to have a capital growth is very short time. Apart from the cost of property, the investor also needs to keep in mind the inclusion of the valuation and the survey fees, legal costs plus the VAT, the cost of searches and enquiries of the public bodies to ensure that a genuine, legal and free of limitations and obligation property is purchased, the registration fees for the land registry, stamp duty land tax etc.
London has undergone a serious regeneration over the past three decades and has modified itself into one of the most sought after destinations to own a house or a commercial address.
The great update for the investors is that the property investment in London is increasing its dominance day by day and shows no signs of slowing down.