Expat buy-to-let Investors Increase

 

This is a growth area for expat investors as more people see the buy-to-let and holiday let market as a sound option for the future.

Traditional forms of investment such as banks and building societies are still producing poor returns so investors are looking elsewhere.

The house rental market in the UK is very buoyant as people trying to get onto the property ladder find it more difficult due to rising house prices.

The demand for good rental property has increased over the last 12 months and would seem to be continuing.

Holiday hotspots

The areas in the UK where holiday let rental growth was fastest in the first six months of 2024 were: South of England (+18.3%) Cornwall (+14.5%) Devon (+9.9%)
The rise in rental income is being boosted by international and domestic visiting looking for short-term stays in popular UK holiday destinations.

There were a record number of visits to the UK in 2023 over (37m) and overseas visitors contributed more £22bn to the UK economy.

The number of overseas visitors increased 4% in the first three months of 2024 (compared to the same period in 2023) and the amount they spent increased 11%.

The weak pound and Brexit issues are persuading millions of Britons to remain in the UK this summer and attracting more overseas visitors to the UK.

The strength of the UK tourist industry is paying dividends for expat holiday property owners in abundance.

Can we assist?

As an expat If you are looking for a new or re-mortgage do get in contact and one of our qualified independent advisers will be happy to help.