The UK is a country of English people and we Indians love travelling the country for a good vacation. But surprisingly the numbers do not sit accordingly when it comes to owning properties in this country. As per reports, people in India are currently the owners of more properties than the English in the United Kingdom in London.
According to London-based residential developer Barratt London, “The largest group of property owners in London are Indians, who are represented by those who have lived in the UK for generations, NRIs, investors from other countries, students, and families who travel to the UK for education.”
“English and Pakistani people are next in number,” Barratt London noted adding that, Indian investors, who reside in both the UK and India, are prepared to spend anywhere between GBP 290,000 and GBP 450,000 for a one, two, or three-bedroom property in London.
Stuart Leslie – International Sales and Marketing Director for Barratt London, said to Financial Express, “We are seeing a strong demand from Indian investors looking to purchase properties in London and invest in the stable and long-term property market. Outside of London, most of our products are sold to UK residential buyers, who buy these properties and live in them.”
London the capital of the United Kingdom is well-liked by Indian homebuyers and Indian investors because it is a hub for education finance. It’s also one of the major international entry points for investors. Additionally, given that the cost per square foot in London is roughly comparable between London and Mumbai, so it makes sense for Indian homebuyers to look at the real estate market in London. The two cities also share a similar legal framework that makes the transactions simpler.
So there are quite a few reasons why Indians have preferred to invest in the UK, and that includes the country’s business-friendly environment, high-quality educational institutions, language familiarity, cosmopolitan mindset, and expanding investment opportunities.
