According to the latest property report from property advisors Colliers International, the UK is still seen as a safe haven for property investment.
The Colliers report shows that overall property transaction levels remain fairly limited as property investors take stock.
London continues to lead the way for the UK for international property investment, however, regional markets are seeing some movement and prime rental yields are stable.
In the residential property sales market property price declines are expected to be modest in 2012 as banks and other lenders begin to push up mortgage rates.
Director of research and forecasting at Colliers International, Walter Boettcher, said: “The UK economy remains flat with GDP in the first quarter of 2012 falling by 0.2% quarter on quarter. In contrast, the weighted average of purchasing manager indices over the first quarter was 54.5 consistent with economic expansion. Retail sales volume rose 0.8% over the quarter; and unemployment improved slightly, falling from 8.4% to 8.3%. Capital markets showed few effects of the announcement. Positive news from the US and successful bond auctions in the Eurozone suggest that weak performance is accompanied by stability. The downside has already been factored in and other data sources suggest greater underlying strength. The French election has also had a very limited effect. If anything, the result has boosted safe haven property investment both in the UK and Europe”.
UK investors are facing stiff competition from foreign markets as international property investors, who are able to obtain finance, look to the UK for bargain property prices and high rental yields
- Click to share on Facebook (Opens in new window)
- Click to share on Twitter (Opens in new window)
- Click to share on Google+ (Opens in new window)
- Click to share on Tumblr (Opens in new window)
- Click to email this to a friend (Opens in new window)
- Click to share on Reddit (Opens in new window)
- Click to share on Pocket (Opens in new window)
- Click to print (Opens in new window)
- Click to share on Pinterest (Opens in new window)