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UK tipped as future investment option

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UK tipped as future investment option

More and more foreign investors could be set to transfer money to the UK as the country's economic recovery continues.

According to ProVenture Property, big cities in Britain may be good options for real estate investors around the world over the next few years.

Mat Littlecott, a partner at the firm, highlighted Leeds as one example, along with Newcastle and Edinburgh.

He acknowledged that many people in Britain are full of a sense of "doom and gloom" at the moment and questioning its investment potential.

However, Mr Littlecott said the country does in fact offer many great attributes, which means it could present opportunities for real estate buyers over the next three to four years.

Investors from overseas might find it worthwhile to look beyond headline figures for the UK as a whole and look at regional variations across the country.

For instance, a new report from Lloyds TSB has noted that during 2011, only 40 per cent of the English and Welsh towns it monitored experienced a surge in home sales.

Figures showed that 59 per cent of the places that saw an increase were located in the north, but the company put this down partly to the fact that it was starting from a "historically low base".

Suren Thiru, Housing Economist at Lloyds TSB, commented: "Generally, property prices in the north continue to be weaker than in the south."

He noted that many aspiring buyers in England and Wales have been unable to access the market because they doubt their ability to raise the deposit they need to buy a home.

This, he stated, has come about a time when "concerns over the outlook for the UK economy" are still widespread.

However, continued interest in the country among real estate investors around the world could help to support Britain's property market during the next few years during a period in which domestic demand is muted.

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