The development and prowess of technology in 2020 means that nearly every different investment opportunity that you can think of can be enquired about and explored completely from the comfort of your own home, through the internet. Of course, with the current pandemic restricting travel for a large majority, and forcing many of us to work from home, this is good news for those wanting to make the most of their time stuck indoors, investing for the future while they have the spare time.
Looking at the UK property market specifically as an example of a potentially secure, long-standing investment strategy that could formulate the backbone of any financial portfolio, here are a few pieces of advice and tips for those interested in pursuing international investment entirely online. Read on to find out more!
Researching the right areas to invest in
With the variety of information online, it is easier than ever in 2020 to invest in the right market, regardless of proximity. If you take a look at RWinvest’s website for example, a property investment firm with over fifteen years’ worth of experience in the ever-developing UK market, you’ll find a wealth of guides, videos, podcasts and infographics on every city of note in the country, from Liverpool, to London, to Manchester and more.
If interested in investing in the UK, Liverpool is one of the best areas currently to think about. As a buy to let property investment destination, not only does the great northern city offer the highest rental yield averages in the entire country, reaching upwards of 10% in its central L1 postcode – but the regeneration ongoing currently in the city is second to none, promising those that invest a healthy chance of capital growth unlike any other city going forwards. With historic architecture that inspired even New York, the city proves to be a popular destination for not just tourists, but also film crews shooting the latest and greatest in film and television. Only recently, Robert Pattinson and company were in and around the city shooting the hotly-anticipated Batman film.
Is it easy for foreign investors to buy property in the UK?
One of the logistical issues that might come to mind for international investors is how difficult it is to actually invest in property in the UK – some might even wonder whether it is possible in the first place. Not only is it entirely possible, but international investment in the country is surging in popularity. The UK saw record levels of investment in 2016, and in the initial months of 2019 last year, a substantial portion of searches for UK property online came from overseas, clearly showing an interest that is long-lasting, and that investing in UK property is a viable option no matter where you are in the world.
Adopting a hands-off strategy – Thinking about how you might be able to add a UK investment property to your investment portfolio and not be overwhelmed with the burden of managing the day to day minutia? Many decide to adopt a hands-off investment strategy, leaving the ins and outs to a dedicated management company and getting on with your day to day.
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