UK property re-welcomes foreign investment
House prices in the UK have risen by 0.9 per cent, paving way for the revival of the set back that the UK property market has experienced during the global economic slow down. According to The Daily Telegraph, this rise in prices has encouraged the founder of eastyJet, Stelios Haji-Ioannou to set up plans for real estate investment in London.
Stelios said that he was looking at the real estate market in London as he did not own property of any kind in UK currently. Plans for an investment fund is what Stelios has indulged in due to his interest in commercial London properties that he plans to purchase at a cheap rate.
There are many other investors in London that following Stelios’ example and investing in various property schemes available to them.
The value of the pound has weakened, standing out as a reason for the refreshing foreign interest in UK property. It is therefore hoped that this increasing interest will change the face of the UK property market, leading to the increase in property prices.
Presently the property in UK is a good choice for those people who own investment savings of 0.66 per cent on an average account and 3 per cent for accounts that are at a fixed rate for long term.
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