The country of law and order, high standard of living and social protection, political stability, economic development - advantages of Great Britain are endless. So there is nothing surprising in the fact that properties in England - one of the most popular in Europe. The local housing market of the country has most rapidly recovered from the negative effects of the global financial crisis and is on the rise again, attracting an increasing number of foreign investors, despite the relatively high by European standards, prices.
The cost of real estate in the UK - one of the highest in Europe. But even here, housing prices are not the same everywhere and depend on several factors. Primarily, this is the location. So, the real estate in the capital - the most expensive, not only because of the prestige, but also because the number of offers of housing in London is very limited, especially in the central areas. But in other major cities across the country a cheap property is widely presented by both – from the owner, and from the builder.
Recently, many buyers and investors in the housing in the UK are turning their attention to the primary segment of the market in the country. And this is not due to the more affordable property prices. The point is that the purchase of the UK real estate under construction, exempt future owners from paying a stamp duty. Moreover, the owner receives a guarantee from the builder - on communications and design – for a period of ten years. And the only risk in investing in new developments in the UK may be delayed commissioning.
Buying property in the UK for foreigners not only has pitfalls, but also is a guarantee that they get equal rights of ownership with citizens of the country. In the UK, you can buy a home in an absolute possession or via long-term lease. In the absolute possession can be bought not only a house or other buildings, but also the land, on which the property is located. Buying a house via long-term lease, the holder only owns the structure, apartment, flats, while the land stays on a long term rent.
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