Buying Bankside Property From Overseas

Submitted by: Daniel Chapman

Bankside property is currently felt to represent a solid investment strategy for overseas buyers for a number of financial aspects. Bankside has begun to be included in some of the prime central indexes for London estate agents. The good news for astute investors is that by 2007, property prices had risen steadily before the economic downturn rather than in the more explosive way seen in many other prime areas of London. And whilst the neighbourhood is now justifiably seen as up and coming , Bankside estate agents have already successfully marketed many higher-end luxurious properties for a number of years. This guide outlines key reasons motivating overseas investors to invest in this area and how to find the appropriate professional advice to begin investigating these possibilities.

Ten Favourable Factors For Overseas Investors

1. Overall, London property prices are currently predicted to rise by 5% in the next year alone.

2. London is locally considered one of the best places worldwide to become a landlord due to both strong returns and a buoyant rental market.

3. Bankside property investment is not a little used or tricky strategy. London has no reputation for sudden financial penalties against overseas investors, or for the risks of emerging holiday home hotspots recently seen elsewhere..

4. The strength of many overseas currencies against the pound makes this an ideal time to complete sterling transactions

5. The UK is currently experiencing historically low interest rates for mortgages

6. At the same time, the deposits needed to purchase property with a mortgage are proportionally larger than in recent times, contributing to a strong local robust rental demand. These are arguably favourable conditions for overseas investors looking for a safer place to invest.

7. Buying costs can often work out cheaper than other European capitals

8. Should you wish to view, Bankside can be reached easily via London City airport, with flights from all major cities (or one of the capitals three other airports all within one hour by taxi or train).

9. The better Bankside estate agents are equipped to guide you through every step of the process for a smoother process, from viewing remotely via the internet or driving you to the properties in person.

10. The more competent Bankside estate agents will also assist you to place your property onto the rental market and can also support you should you later wish to sell in favourable market conditions

It is true there is a shortage of available residential property in London and therefore it is essential to work with long established Bankside estate agents with a solid reputation. You will find that they have no trouble proposing a good selection of better quality homes to buy. It is common to find the better Bankside property will offer services like a 24 hour concierge, outdoor spaces such as a courtyard and a high standard of security as standard. Similarly, the key to a successful rental income is that the same agent can deliver a successful local marketing strategy combined with a thorough working knowledge to guide you through all the legal requirements.

About the Author: Daniel Chapman works for Stirling Ackroyd, a long-established local firm of

Bankside estate agents

specialising in luxurious

Bankside property

.

Source:

isnare.com

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