Foreign Property Investment Is A Smart Idea

When it comes to making the best use of your money, there has long been a lot to be said for investing in bricks and mortar. This has long been the case and many people will tell you of the long term benefits that come from buying property. This has been seen in the United Kingdom in recent times due to the difficulty that many people face when trying to get on to the property ladder. The fact that many first time buyers have found themselves priced out of the market means that there are properties on offer to people who can obtain a mortgage. There is also the fact that there is a rising demand for rental property, all of which means that people investing in the buy to let market in the United Kingdom have a genuine chance of making short term rental income while also benefitting in the long term from owning property.

However, this may well change due to the upcoming changes in stamp duty. As of the 1st of April 2016, anyone in the UK buying an additional property that is valued at £40,000 or more will find that they have to pay an additional 3% levy on stamp duty. This means that buyers will find that they end up paying a lot more for property, which may impact on their ability to buy or their desire to buy. If you are looking to get involved with the buy-to-let market, it is vital that you are aware of your rental yield. The rental yield is the return you can expect to make on your investment and the more money you shell out, the lower your rental yield is likely to be. If you cannot obtain an attractive rental yield, you would be advised entering the market in this area or location.

These changes will impact on the UK buy-to-let market

The changes have been introduced to impact on the number of buy-to-let operators in the hope that this will stimulate the market for first time buyers and people who are currently renting. There definitely needs to be some action taken when it comes to the property market in the UK but many property experts have doubts and concerns over whether this is likely to be the best solution in the long term. There is no getting away from the fact though that many investors will decide that investing in property in the United Kingdom isn’t worth their while.

This isn’t to say that investing in property is a waste of time. Just because the UK options are diminished doesn’t mean you should give up on the idea of owning property or investing in this market. There are many foreign markets where there are reasons to invest in the property market, and this could be a great way to use your money in an attractive manner. Some people may be looking for a holiday home, some people may be looking for a way to generate monthly income from renting out properties and it may even be that you have your eye on the long term benefits of using your money wisely to own property. No matter the reason you have for investing in the foreign property market, it is important that you use your money sensibly, and this means undertaking a level of research.

Get advice from the property experts

There are many foreign property experts and specialists that will help you make the most informed decision. If you want to get a taste of what is on offer, you will find it of interest and benefit to visit an expo or exhibition which puts you in front of property experts from around the world. One of the most popular foreign property exhibitions would have to be the MIPIM event, and this is held in Cannes every year. Attending this market will put you in front of many property specialists and if you need any guidance or help, you will be in the perfect place to ask the people that know.

Cannes is not likely to be a place you can invest in property but you’ll find that staying in Cannes is a pleasurable experience. This is a glorious destination and with stylish Cannes apartments and great restaurants, the time away from any exhibition will be enjoyable and comfortable. If you are looking to invest in property properly, make sure you get the best advice.

Andrew Reilly is a freelance writer with a focus on news stories and consumer interest articles. He has been writing professionally for 9 years but has been writing for as long as he can care to remember. When Andrew isn't sat behind a laptop or researching a story, he will be found watching a gig or a game of football.