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Expat investment in the UK – why property holds such a strong attraction

By Surrenden Invest | March 16, 2019

Expat investment in the UK – why property holds such a strong attraction

Some 4.2 million Britons live overseas, according to figures from the United Nations. The majority – 1.3 million of them – live in Australia, while a further 715,000 reside in the US and around 308,000 have settled in Spain. Of late, it is India, Singapore, Malaysia, Hong Kong and China that are attracting British expats according to Access Financial, with the combination of low tax rates and a low cost of living proving to be a winning one.

Some of those living overseas have cut all ties with the UK, but others continue to maintain financial links with the country of their birth, including through investing their overseas earnings back in Britain. And for many expats, it is property investment that particularly interests them.
Expat investment in the UK

“We’ve seen keen interest in recent years in property investment UK opportunities from those living overseas, including British nationals who have settled elsewhere but still want to benefit from the UK’s thriving property market. With prices in regional cities rising rapidly and strong yields available through buy to let properties, the UK often offers greater potential for capital growth and a stable income than is available overseas.”

Jonathan Stephens, MD, Surrenden Invest

Birmingham’s excellent investment opportunities

That’s certainly the case if you take a look at many European countries. OECD data from 2010 to 2017 shows that the average real house price increase in the UK stood at 12%. Over the same period real prices in Spain dropped by 26%, while in Italy they fell by 20%, in Portugal by 6% and in Spain by 3.8%. The UK, then, not only delivers a housing market which many expats have first-hand experience of, but also the potential to for solid capital growth in real terms.
Regional cities play a key role in this. Birmingham, for example, has led house price growth in the UK since the Brexit vote in June 2016, according to Hometrack, with an average increase of 16%. Vast swathes of inner city regeneration are creating some excellent investment opportunities. The B1 postcode area regeneration zone is an example of this in action. Billions is being spent on developments such as Arena Central and Paradise Birmingham, with a host of opportunities springing up in the vicinity.
No. 76 Holloway Head, just a couple of hundred metres from Birmingham’s upscale Mailbox shopping and dining venue, is one such opportunity. Directly opposite Concord House – home to the city’s most expensive apartment, which sold for £1.8 million – No. 76 is home to 34 luxurious apartments that enjoy one of the best locations in the city centre. Just two minutes from New Street Station, the Bullring, Grand Central and the Cube, as well as a whole host of top restaurants and bars, the homes offer the ultimate base for young professionals looking to make the most of city life

“The UK’s regional cities are such an incredible property investment success story that many expats choose to invest in them even as they live and work elsewhere. It’s the ideal way to enjoy all the advantages of living overseas while still benefiting from the financial opportunities that the UK property market provides.”

Jonathan Stephens, MD, Surrenden Invest
No76 Holloway Head, Birmingham

Whether you live in the UK or overseas, you can connect with the Surrenden Invest team on social media to keep up to date with UK property investment news.

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