Investing in buy-to-let property in North West England
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A smart way to make money
Do you live in the UK? Are you looking for a way to invest which offers a good return and an additional income? Do you want to take your first step into property investment? Or are you already a property investor in the UK who would like to expand their portfolio?
Investing in property in the North West of England is the smart way to make your money grow. This lens will tell you why.
Investing in property in the North West of England is the smart way to make your money grow. This lens will tell you why.
Why it pays to invest in buy-to-let property
But, with house prices in England and Wales constantly rising, the UK property market is a far more reliable investment opportunity. A well-balanced UK property portfolio can be a strong source of residual income.
Buying property to let maximises the return on your investment, and you can build a profitable property portfolio quickly and easily. Your mortgage payments will be covered by the rent you receive, and the regular income means you are protected in the unlikely event of a drop in property prices.
Why you should invest in UK property
Investing in UK property means you are working with laws that are familiar to you. When buying overseas property, it is all too easy for a purchase to be delayed or even fall through completely because of unfamiliar legislation and bureaucracy. You can quite easily get caught up in red tape for months or even years, while making no returns or extra income from all your hard work. And most countries apply very different tax laws to foreign investors, which can really cut into any profit you hope to make.
The additional costs involved in buying or selling property can be much higher in other countries. For example, Estate Agents fees in France and Spain can be as much as 10%, and in South Africa can be up to 6 to 7%.
Familiarity with local laws, not to mention the language, means you can enter into the process with a better, clearer knowledge of what is required. And price trends and mortgage rates in the UK are often far easier to predict than the wildly fluctuating rates of other countries.
Why the North-West is a smart place to invest
But the North West of England is rapidly growing. Billions of pounds have been poured into the area over the last few years, transforming largely abandoned industrial areas into vibrant and modern residential communities. And property prices are rising accordingly, making right now the optimum time to invest in this burgeoning market. The price of an average 2-bedroom terraced house in the North-West has already soared from around £30 - £40,000 to as much as £90,000 over the last 5 years. It won't be too long before they break the £100,000 barrier, but when compared with prices in the South, they are still very affordable.
Take some investment tips from the experts
Take a look at the latest properties available for buy to let through Property Investments North West.
Share your stories
Have you got a story about property investment that you'd like to share? Whether it's a tale of success, or words of warning, we'd like to hear from you.
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Bill
May 11, 2010 @ 7:36 am | delete
- Great info, maybe the UK could be avoided, you just need the right advice.
Property Investment Course
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lmsavo
Jun 22, 2009 @ 5:30 pm | delete
- Spot on! buying in the UK just makes sense. If you can't afford to get on the ladder we can help.
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Thanks, Louise
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Jay
May 28, 2009 @ 5:02 am | delete
- Hi, some good information here. I usually fosus on either finding, selling or buying pre-repossession properties which are generally discounted upto 40% and with the current housing market the way it is, I have constantly getting a huge demand from sellers. www.ukpropertyplan.com to read about what i do.
Thanks
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Garry Macdonald
May 20, 2009 @ 8:35 pm | delete
- Excellent lens. I love your reasons for investing in your own country and the way you justify your comments. I'm located in Australia and your lens just proves to me that the rules for investing in property do not change . . . only the geography changes. If you get a chance check out my
http://www.buyresidentialinvestmentproperty.com/buy-residential-investment-property/what-will-your-residential-investment-property-be-worth-in-7-to-10-years blog
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Jan
Feb 18, 2009 @ 3:49 pm | delete
- Hi,
I came across your lens and really like it. I am from the other side of the Atlantic ocean - located in USA. The real estate market is crazy here but some opportunities are coming along as well. If you would be interested, check out my Buying Property in USA blog! Cheers.
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