According to the most recent report from Ernst & Young, London is still the reigning champion in Europe for inward investments. While it would be a stretch of the imagination to say that all those overseas investors were putting their capital into real estate, property investment is nonetheless huge and comprises a good bit of overseas investments. A very big part of the reason for this is in the fact that property values throughout most of the rest of the UK have been falling, as well as elsewhere in Europe, but London property value has remained fairly consistent on the high end.
Foreign investors are also realising that London is the world?s foremost financial hub, and along with United States, is closely intertwined with Singapore investors. Nonetheless, a lot of overseas investors have the primary concern of not having someone locally available to manage their foreign real estate investments on their behalf. Fortunately, individuals that deal with 1stAsset when making Singapore property investments never have to worry about this issue, as they have dedicated staff available in both London and Singapore. Thus, investors from Singapore are never left unrepresented or uninformed about their property investments, as 1stAsset facilitates and maintains complete contact on both ends.
Even when investing in a thriving financial hub like the city of London, it would still be advisable to have a strategic investment plan. Purchasing a property and then renovating it to sell it for a hefty mark-up would be a wise strategy for some investors. Meanwhile, other investors find it preferable to let property values increase significantly before choosing to sell. Once the value of a property has risen enough to allow for a decent profit, most investors would begin considering putting it up for sale to make a nice profit. Conversely, many investors find it more beneficial to simply rent their properties out and turn their profit into a residual income.
Property investors from Singapore that are looking to buy/sell/rent their investments can rest assured when dealing with a realty/property management company that specialises in meeting the needs of overseas investors. 1stAsset not only specialises in assisting overseas investors, it specifically accommodates the needs of Singaporean investors on a frequent basis. It would help to have a property management team that can manage deals on both sides of the pond, and is knowledgeable about United Kingdom property sales regulations. Having a realty company that specifically specialises in UK registration and taxation would be particularly helpful to overseas landlords. Furthermore, it would also be beneficial to have a property management team that is capable of handling financial tasks like setting up business bank accounts in the United Kingdom.
There are a lot of aspects to consider when investing in property in the UK, from passing gas/safety inspections to obtaining an Electricity Performance Certificate. 1stAsset can help with every step involved in purchasing a property in London, and has helped many Singaporean investors do so with no problems. While they have dedicated staff in the United Kingdom that acts as your representative in London, they also have a team that can address your concerns in Singapore as well. Having experienced property management agents on location in both the United Kingdom and Singapore would be a beneficial arrangement, regardless of whether you?re trying to purchase properties to lease out or flip for a quick profit.
For more information on UK real estate, visit 1st Assest today.
Source: http://www.caseymassengale.com/singapore-property-investors-view-london-real-estate/
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