Foreign investors snapping up properties while British landlords forced out of market
# Investors buying up flats and houses in the UK
Many buy-to-let investors in the UK seem to be sitting on their hands at the moment, owed mainly to the tax and regulatory changes seen in the past few years, not to mention Brexit uncertainty.
But Overseas buyers appear to view existing market conditions as ideal for acquiring property in the UK and London in particular, according to James Pendleton.
The estate agency reports that there has been a significant increase in demand from foreign investors and funds, with international buyers hoovering up dozens of London homes at a time.
Property values in the capital have been falling for well over a year but demand from foreign investors buying in bulk is stronger than ever, the agent says. Lee James Pendleton, the founding director of the firm, has called the bottom of the London housing market, at a time when international investors are benefiting from a weak UK pound along with a softening in the attitude of developers to discounting.
Pendleton believes that a no-deal Brexit would only serve to spark a more intense ‘feeding frenzy’, as large players ‘pile in’ to take further advantage of further weakness in the value of the pound.
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