New buildings in the UK
Location and climate
Great Britain (the full official name is the United Kingdom of Great Britain and Northern Ireland) is a country located in the British Isles (the island of Great Britain, the north-eastern tip of the island of Ireland) to the north-west of the European continent, as well as on small islands and archipelagos in the Atlantic Ocean. This is one of the most powerful and influential countries in the world, a member of the UN Security Council, and NATO.
The climate is temperate oceanic with a lot of rainfall throughout the year. The warm Gulf Stream softens the winter. Although snowfalls occasionally occur, the snow cover tends to melt quickly.
For the information of the investors: economics, culture, and education
Great Britain has the sixth largest economy in the world and the second in Europe after Germany. Pound is the third most held reserve currency in the world (after the US dollar and the euro). The automotive industry is famous for the most popular brands (Land Rover, Bentley, Rolls-Royce, Jaguar, etc.), the aviation industry is assigned the role of assembling important components of the Airbus A380 aircraft. The pharmaceutical industry actively and effectively conducts research on the creation of new drugs. The British service industry as the main sector of the country's economy forms more than half of GDP. Tourism makes a significant contribution to the economy (the country is one of the leading countries in the world in terms of the number of tourists; the capital is visited by the largest number of guests).
London is a global financial centre. As a result of the publication of the so-called "Panama Papers" in 2016, the UK found itself at the center of a scandal as a country where all conditions are created for the super-rich people to avoid taxes. After leaving the EU, a number of the world's leading banks, as well as some Russian banks, had to decide to transfer their headquarters to other countries.
The culture is rich in color and diversity, which was influenced by the insular nature, the history and traditions of the people, their habits, symbols, and temperament. Due to historical reasons related to the role of Great Britain as an empire, the influence of British culture can still be traced in the language and legal system of many former colonies.
There are about 130 universities in the UK, where more than half a million students study in a variety of educational programs. The most prestigious are the oldest universities - Oxford and Cambridge.
Why buying an apartment in the UK in a new building is still profitable
UK real estate in the new buildings remains in demand. The country showed the highest results in the growth of prices for apartments in residential complexes, ahead of France and Germany. This happened due to some supply restriction, while the demand for residential complexes in the UK did not fall. An important factor for maintaining the market was state support: special programs for the purchase of first housing for young people, mortgages became even more affordable (0.1%). Experts predict that prices for new buildings in the UK from the developers will continue to grow in the medium term.
There is a significant deferred demand from foreign investors, which continues to gain momentum in recent years. Many of them, despite their wait-and-see attitude, continue to look for property for their own relocation, for their children, who are still oriented towards education in the UK. The sale of apartments from developers provides for the availability of infrastructure nearby and the possibility of installment plans.
The minimum price per square meter of space in a new building from a developer transferred to the buyer in a turnkey condition (in accordance with the information of the GEOLN.COM search engine) is 1,200 USD.
Acquisition of apartments in the UK from the developers by foreign citizens
The country has not established any restrictions on the purchase of real estate in the new buildings by foreigners. Foreign investors are free to buy an apartment from a developer in the UK.
Purchasing an apartment in a new building in the UK is a prestigious and profitable investment that allows you to receive a consistently high rental income, live in a country that is a global center of influence on many economic and political processes.
Off-plan property and other buildings in cities in United Kingdom
Chalfont Saint Peter
Minster on Sea
Royal Tunbridge Wells
Three Mile Cross
Welwyn Garden City