Global Investments Incorporated have been the market leader for the last six years in the USA buy to let market and this month they will be launching their own UK buy to let products starting with residential refurbished tenanted properties in the North east of England. With prices starting from as little as £39,900 and net returns as high as 12% the Manchester based firm is excited about there first venture into the UK market.
There are many reasons why Overseas Investors are looking at the North of England for their UK portfolios:
Whether planning for retirement or opening a second income, investing into property in the North East offers fantastic returns. The last 10 years has seen many people’s life savings stagnate, with record low interest rates being offered by banks.
With house prices substantially lower in the North East, this market is accessible for many people who view property as a way to increase their wealth and acquire a tangible asset.
Property Prices are Affordable
- We are able to source off the market deals – with freeholds available on 2/3 bedroom refurbished houses for as little as £39,900
- Avoid stamp duty costs by purchasing property below the £40,000 threshold.
- You have the opportunity to purchase multiple properties with a modest budget – mitigating the risks associated with owning just one investment.
- Easy exit strategy when the time comes.
High Yields and Return on Investment
- Net yields in excess of 9% are common.
- Although the house prices are significantly below the U.K average, rental prices are comparatively high, meaning strong positive cash flows from modest budgets.
- Demand for affordable housing in these areas is strong.
Redevelopment and Growth
- Annual figures from September 2016 – August 2017 show that the North East outperformed London in terms of growth.
- House prices rose 4.4% in the past 12 months, a very healthy appreciation.
- The industrial heritage has been maintained and many large scale infrastructure developments are under way or in planning.
Fully Hands Off
- All of the companies UK properties would come with full management in place.
- Purchasing a fully refurbished property is a safe way to reduce long term maintenance costs whilst also making your property more attractive to tenants.
