Property markets such as Prime Central London have long been favoured by foreign investors, but recent research has shown that activity is picking up across the rest of the nation as well.
According to Savills, buyers from the Middle and Far East have been particularly active, spending an estimated £1.9bn on property in the UK’s regional markets in 2016. A new report has determined that overseas investors accounted for 13.2 per cent of all property transactions in London between 2014 and 2016.
There has been an uptick in foreign investor activity in the UK’s regional commercial property market too, accounting for nearly one third of all transactions last year. If you are one of the many foreign investors looking to buy property in the UK, Blue Alpine can help you through the process from start to finish. We can either work alongside you or act on your behalf, assisting you with everything from sourcing to acquisition, development, sales and letting, and more.
Because we are highly skilled and experienced in this area, we are able to help investors from around the world make successful and lucrative property purchases in the UK. We can assist with the acquisition of numerous asset classes in both the commercial and residential sectors, all the while ensuring each step of the process is wholly legal and compliant. We’ll help you find a property that meets your needs, and can carry out things like viewings for you as well as arranging conveyancers to inspect the site and make sure it’s completely structurally sound.
However you have decided to financially structure your deal, we can assist with the purchase process and can even offer capital by becoming a finance partner. Blue Alpine investments can assist with applicable taxes, property insurance, legal fees, stamp duty, and numerous other aspects of the purchase. For example, foreign buyers may be unaware that there is Stamp Duty payable on a commercial property, which can be a rate of up to 4 per cent. VAT may also be payable on some properties, at a rate of 20 per cent. In total, acquisition costs can run anywhere between five and six per cent of the purchase price, and so working alongside experts who are aware of these costs and can help you factor these in when finding something within your budget can be hugely beneficial.
Whether you want a turnkey, move-in ready property or you’re keen to develop and regenerate underperforming assets to increase monetary value and attract a higher quality of tenant or buyer, we can help.
To find out more about our foreign investor services, contact us today.