OIf we put Brexit to one side for the moment, there are many expats originally from the UK looking to acquire property in their former homeland. The value of sterling has fallen since the 2016 referendum on the EU and even though it has made a short-term recovery, the real spending power of the euro and dollar […]
Most expats have a strong desire to buy or retain ownership of residential property in the UK due to ever-increasing property prices and long-term security. Even with the Brexit situation property in the UK has remained strong with values seemingly rising all the time albeit at a lesser rate. Certain parts of the country are […]
Figures very pleasing for expat property owners House prices in the three months to April were 5% higher than in the same three months a year earlier, a robust and surprise increase in a market that had been considered muted. The average UK house price now stands at £236,619. On a monthly basis house prices […]
EExpats who own property in the UK have been warned to take note of a tax charge which comes into force next month on sales of both residential and commercial property and land. The Association of Taxation Technicians says that non-UK residents who sell any UK land or property from April 6 onwards must file […]
Mortgages with five-year fixed rates have undergone a surge in popularity within the expat community, nearly half of the completed deals recently have been for 5 years or more. Data revealed 49% of expats are now choosing an initial fixed rate period of five years compared to only 25% back in 2013. Meanwhile, mortgages with […]
PThe average asking price for UK homes jumped by almost £3,500 in April – making it the biggest month-on-month uplift in over a year, new data has revealed. Across Britain, the average price of new-to-the-market properties increased by an average of £3,447 in April – equivalent to 1.1% – making it the biggest month-on-month increase […]
Mortgage rates are unlikely to improve in the near future so now is the ideal time for borrowers to secure a fixed-rate deal on their mortgage. Borrowers who are on a standard variable rate (SVR) or coming to the end of their term have the potential to save themselves thousands of pounds on their mortgage […]
EA recent report has shown a large increase in expat buy-to-let business, figures show expats are increasing their portfolios as quickly as they can. This year has seen a surge of first time buy-to-let applications in January and February compared to the same period last year. A new survey shows more than 50% of existing […]
EOverseas buyers and expats are sizing up the UK property market for potential bargains, taking advantage of the weak pound and the political uncertainty over Brexit, according to the latest figures released The property portal found that searches for UK property by overseas buyers have grown steadily since before the EU referendum. They now account […]
The Bank of England base rate has been unanimously held at 0.75% for the third time this year. In the minutes the Monetary Policy Committee noted that there is still a weakness in the housing market. They said: “Weakness in the housing market had also persisted, with housing investment having declined in Q4, the UK […]
