Real Estate Market in the United Kingdom is the largest in Europe, with foreign investment playing a significant role in the market. Ownership of real estate in the United Kingdom has its roots in the feudal system established by William the Conqueror after 1066. Real estate ownership is regulated according to the Scottish and English Land law. The most common systems of land ownership are the fee simple and leasehold tenures.
The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe. England, the birthplace of Shakespeare and The Beatles, is home to the capital, London. England is also site of Neolithic Stonehenge, Bath’s Roman spa and centuries-old universities at Oxford and Cambridge.
UK has a total land area of 241,959 square kilometres (93,421 sq. miles). With a population of 65,466,181 as in 2017 estimate, 81.9% of UK’s population lives in urban. UK is generally a very stable nation regarding security matters, even if, the recent past has witnessed a few incidences of terror attacks around London. With a governance system lead by a Prime Minister, UK is a champion of true of democracy.
Buying real estate in the United Kingdom is a sound investment opportunity for any individual or corporate seeking to invest in real estate. Until recent years, most of UK’s real estate has been apartments in major cities. Additionally,we have had housing developments and larger estates in outlying areas. Most recently, foreign investment in UK’s property has increased greatly. With a very high demand for property, Property prices are very competitive especially around London.
Owning real estate in the United Kingdom is not without access to first-world infrastructure, a highly efficient public transport system, modern healthcare facilities and renowned international schools and universities. With its modern supermarkets and shopping malls, London is considered one of the shopping capitals of the world as such.
As one of the world’s largest economic and tourism hubs, the UK has a constant influx of tourists and businesses alike. Besides, housing is always in demand, making it easy to find willing tenants or buyers for one’s properties in the future. Made possible by U.K. laws that allows foreign nationals to purchase property, buying apartments, houses or even office spaces are great investment opportunities
Life in the United Kingdom
U.K. has one of the largest economies in the world with a GDP of $2.5 trillion in 2014. The economy is primarily based on finance, manufacturing and trade. In a referendum to exit EU or stay (known as Brexit), Britain voted to exit the EU. Currently, the process of exiting is still underway. As supported by the movers of the motion, we are yet to see whether this exit will strengthen the economy. The U.K. has one of the world’s most advanced financial sectors and is ranked the 13th freest economy in the 2015 world index. London is actually a globally influential centre of finance and culture.
The National Health Service or NHS is a system of universal health care coverage. Due to its efficiency, access to care, low-cost and quality of care, the NHS ranked as the top healthcare system out of 11 of the world’s wealthiest nations in 2014. Anyone who has lived in the U.K. legally for 12 months or more when starting treatment is entitled to free healthcare from the NHS. The U.K. also has excellent private healthcare.
Being an island, the U.K’s surrounding ocean creates a climate that usually varies each day that passes. The U.K.’s warmer months are mostly dry and mild. Therefore, offering opportunities to picnic in the park or to explore the picturesque countryside. Besides, May, September and October have pleasant temperatures with less rainfall. In contrast, July and August are the warmest but also the wettest months. The sunniest parts of Britain are along the south coast of England.
The U.K.’s major local cities are relatively close to each other, along with the growth of low-cost airlines in Europe. It is thus possible to fly between cities for a very reasonable price. The U.K. is served by a comprehensive national network of trains and long distance buses. A major benefit of owning property in the U.K. is that visiting European countries like France, Italy and the Netherlands is both a convenient and cost-effective possibility.
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