With the advent of globalization, where the world has come closer together, it has become very easy for people who want to invest to tap any market of their choice. However, one of the major markets for investors has been the real estate sector. The same goes with the United Kingdom. The main attractive point of United Kingdom is that it has adhered to its fundamentals and the demand has surpassed the supply.
However, investment in real estate in UK is different and unique from that in other countries. This is evident with the presence of various investment fueling measures such as the vibrant Real Estate Investment Trusts (REITs) and Property Authorized Investment Fund (PAIF).The United Kingdom is considered one of the emerging markets for the REITs. However, the main attraction for investors is the presence of PAIF. The PAIF is exclusively designed are offered to non-UK investors.
Locations worth investing in Real Estate in the UK
The main location worth investing in the real estate sector in the United Kingdom is London for its obvious features. Housing prices in London are showing an upward trend and rose by 0.1%. London also has a lot in store in terms of buy-to-let property. London scores over the entire United Kingdom taken together into consideration. There has also been a tremendous demand for residential properties in London. Apart from London, there are also tremendous opportunities worth investing in an around the vicinity of London. East London has become the hub for investors. The huge amounts spent for its infrastructure and for residential developments have made East London a hotspot.
Places like Castle and Elephant, due to improving transportation links, are also becoming popular and are witnessing a surge in prices. Places such as Crystal Palace, West Croydon, and Dalston Junction are also going to benefit largely from the underground line extension. Durham, owing to its massive student population, is also turning out to be one of the promising locations for buy-to-let properties. Optimized locations such as Chelsea and Kensington are already attracting overseas purchasers.
The other key location worth investing in real estate in United Kingdom is the Northeast region, where property prices are reaching record heights. There was as much as 3.1% surge in the property prices in the Northeast region. Vibrant cities and a great coastline make the region attractive to both homeowners as well as investors. The Thames Gateway Project has brought Woolwich in the limelight whereas the City of London and the Canary Wharf areas of London are gaining more and more importance due to the upcoming Docklands Light Railway extension.
With so much uncertainty in the housing market worldwide, some of the places in the United Kingdom have shown a lot of resilience and have emerged as the favorite destinations for investors willing to invest in the real estate industry. The United Kingdom remains one of the most attractive destinations for real estate industry, more so than any other part of the world.