International buy-to-let investor demand is rising rapidly
Confidence is growing in the UK market, especially in central London according too Fully Furnished, who’ve reported an increase in overseas buy-to-let investors.
The surge in investors is reflected by a rise in enquiries in their furniture sales division, states Alec Watt, Managing Director of Fully Furnished
Alec comments: “Although still faced with its challenges, there is more confidence currently in the UK property market and demand for rental properties remains very strong. Recognising the increase in rents now being achieved, we are seeing more international investors than ever choosing to make an investment purchase in our capital city. Therefore, as we move further on into the second half of the year, we are continuing to focus on this market with the recent launch of our new low cost furniture and accessory package, the Essentials range, which has been specifically designed with investors in mind.”
Fully Furnished also report a significant growth in their business in comparison to the same period last year.
Alec continues: “We have seen signs that the property market is seeing more positive activity, for example our dress for sale service has again grown significantly. This movement implies that developers are seeing the benefits to owning fewer assets and are keeping their budgets in line with the returns that they wish to achieve.”
He noted that when it comes to their property investments customers are becoming more switched on and are keeping to their budgets and are no longer over-stretching themselves.
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