The United Kingdom of Great Britain and Northern Ireland, also called the United Kingdom, is a European state that includes England, Scotland, Wales (Great Britain) and Northern Ireland.
The capital and largest city of the country is London
The United Kingdom has an area of 244,000 km², of which almost 230,000 km² is on the island of Great Britain alone. Great Britain is almost 1,000 km long from north to south and is no more than 600 km at its widest point (south). Thus the sea is always close.
Due to its position in Western Europe and the shape of its islands, the United Kingdom has an oceanic climate. The mountainous areas are cooler in summer and very cold in winter.
The official currency is the pound sterling. The British have decided not to join the euro zone. The main language is English.
The United Kingdom covers an area of 242,545 km² and has a population of 65,648,054. The country’s GDP amounts to 2661 billion dollars.
Tourism is an important part of the British economy, with more than 27 million tourists a year. Film, music and art are also a great way to promote this destination.
The United Kingdom, whose oldest expression is the United Kingdom of Great Britain and Northern Ireland, is a melting pot of many cultures, with an exciting history and an ever-changing culture. In addition, its capital, London, is one of the most important cities in the world.
Before you invest, it is important to know that in the United Kingdom, public and household debts (130% of disposable income) are high. In addition, there are strong Uncertainties about the implementation and consequences of the exit decision from the EU.
Therefore, if you wish to invest in the UK, the rental yield is 2%. The average price per m2 is between EUR 14,847 and EUR 16,967. To invest in real estate in the United Kingdom, it is important to find out beforehand about the real estate market, the tax advantages of the country, the purchase price, the rate of return, property rates, etc. For investment advice in the United Kingdom, you can contact a real estate agent on the spot.
Buying a home in the UK
Buying in London is difficult and requires real skill and a good understanding of the market and how it works. The buying process is different from that in France. Similarly, the legal and cultural framework is very different.
Buying a property in London is an important investment on a personal and economic level. The stakes and risks are high.
The global reality today is that there are considerable funds available and few attractive investment prospects. Financial markets, oil and gold prices have been going through a difficult period in recent years.
As a result, investors are redirecting an increasing proportion of their safe investments to investments in reliable real estate.
Nowadays, the cities that are considered the safest are New York, Singapore, Hong Kong and London.
In London, the average price of residential property is around £10,000 per m².
The price in Bedford, one of the cities with the most transactions, is around £3,000 per m². However, the town is only 35 minutes by train from London.
When buying a property in the United Kingdom the rate of notary fees is 3% to 5%.
To find out more about investing in property in the UK, it is best to contact a property expert in the UK. He will be able to guide you and share with you his know-how and knowledge in the field of new home purchase, real estate investments, financial investments, rental investment, real estate assets, rental risks, rental profitability, tax advantages, residential real estate … To make a better investment, you can also find a lot of information directly on the internet.