Real estate in Great Britain

To the investor. We buy real estate in Great Britain

Tell, than personally to you Great Britain is remarkable? Well, first of all, probably, that the majority of us studied English at school. But this country is attractive to the Russian investors not for this reason. And not because there it is rather safe to do business. And at all because it doesn't enter into the Eurozone and fights in every way against crisis.

In my opinion, Great Britain is the that country which is well structured. Their market of real estate well integrated into economy. This market provides a wide range of opportunities for investors. It is necessary to tell that as a statics in the market never smelled, and doesn't smell. Stable dynamism, it is so possible to characterize it. In general it is possible even to tell that the average English family is ready to move to a new residence each three years. If to compare to Germany where the priority is given to removable housing, here prospects of receiving own living space more real therefore all try to take steps in real estate acquisition.

British market of real estate rather strong. That fact testifies to this force also that the market endured crisis, and also the recession which has come behind it. And it is thus very interesting that London it seems as well as didn't notice it. Also that fact is interesting that in Great Britain there were no all these defaults on mortgage loans as it was in due time in America.

By the way, in Great Britain there is one interesting feature which concerns real estate purchase. The matter is that in this country it is possible to get it through auction. If to consider this procedure from the point of view of the price, It is necessary to tell that it is extremely favorable as if when, for example, the object was withdrawn by bank from the defaulter on a mortgage. Well and, certainly, there will be no problems with acquisition at the individual.

Well and now let's present in practice that as an investment you acquired at auction real estate for £500 000. Then you gave £100 000 for repair, and you plan to sell it for £700 000, well or at the worst for £650 000. If to consider these manipulations through a prism of the British business, for them it is a normal margin. But if you – from Russia, don't think that for you it everything will be very simple. For Russians there are reefs. In general, Russians got used to high level of repair therefore if to speak about the sum necessary for carrying out repair, hardly here they will manage the sum of £100 000. Perhaps, for someone it will seem strange, but for British quality of repair is characterized by its low cost. British for fun say that the majority of houses in their country are painted in one paint (it is called "Magnolia". They perfectly know it, but nobody wants to change the settled traditions.

For this reason all investment projects on type I "bought-sold" will work only if it is good to know local rules of the game. And if you have rather high ideas of quality, to you here not to make the successful competition. You should reduce these requirements unambiguously.

Yes, It is necessary to tell also that investments into real estate in this country at all won't allow you to receive residence permit. But there is also a reverse of the medal. There are cases when existence of real estate is an indispensable condition for obtaining the British nationality. It concerns those cases when the person, wishing to obtain the British nationality, didn't live long time there. Therefore the only way to prove the participation real estate existence in Great Britain is. But not simply real estate. If it is the house, the family of the competitor has to live in it.