January 2017

Welcome To The Property Newsletter For January

Welcome to the Expat Network Property Newsletter for January. This information source introduces you to the world of property purchase at home and overseas.

In this edition we consider whether British expats should consider buying property back in the UK, and look at research suggesting a concentration of buy-to-let purchases in south east England.

We also guide you through the processes of buying property in the United States and weigh up prospects for the market in Cyprus.

I hope you enjoy this newsletter. I welcome your thoughts on other topics you would like us to cover. Or do you have your own tale to tell or question to ask about property? Let me know.

Feel free to forward this newsletter to anyone who you think may benefit from reading it. Just click on Forward to a friend or colleague below.

Nigel Ayres

CEO
Expat Network
nigel.ayres@expatnetwork.com

British Expats Buying Property Back Home?

With the pound trading at an historic low against the world’s major currencies, now may be a good time for British expats to consider investing in property back home. With a significant shortage of supply in the UK property market, prices and rents are rising steadily. The latest figures from the Office for National Statistics show that private rental prices in England grew by 2.5% in the past year.

Most Expat Buy-To-Let Loans In South East UK

A majority of UK expat buy-to-let mortgages are concentrated in greater London and the South East, according to new research. Figures from lender Skipton International show up to 40% of expat mortgage customers are investing in buy-to-let property in Greater London, with another 25% in the south east of England. Just 10% of British expats purchasing property to rent out are investing in either the south west or the north west of the country.

Cyprus In Search Of Settlement

With ongoing talks in Geneva between Greece and Turkey about the divided island of Cyprus, how should property investors view this otherwise idyllic Mediterranean location?

The BBC reports that talks to resolve the disputed territory on Cyprus between the heads of the Greek and Turkish governments are ongoing. But at the time of writing no resolution has been reached.

Buying Property In The United States

The buying process in the USA follows a British model – more accurately a Scottish one – rather than a continental European model. This means it is cheaper than in most countries, typically adding less than 3% to the purchase price. One big difference to other countries is the Multiple Listing Service (MLS), an online database where you can quickly see every property for sale in the area, from every agent, without needing to contact each individually.

New: Your Free Guide To Living In Spain

Your Guide To Living In Spain by Expat Network provides guidance on the issues you will need to address as you plan your move, whether that is to retire, buy a second property or simply enjoy a whole new life in Spain. Your Guide To Living In Spain (priced £4.99 on Amazon) is available to download, free of charge.

Read Your Free Expat Living Magazine

The Winter edition of Expat Living magazine is now available to read completely free of charge. You can learn about life in Singapore and Spain, property purchase in Australasia, insurance for danger zones, and how to buy foreign currency wisely.