UK First Time Buyers Turn to Overseas Properties
Below is a MRR and PLR article in category Finance -> subcategory Investing.
UK First-Time Buyers Turning to Overseas Properties
Summary
Many first-time buyers in the UK are opting to purchase properties abroad due to high entry costs at home and unreliable weather. Overseas, they find sunnier climates and properties priced far lower than those in the UK.Keywords
Apartments, hotels, condotels, investments, property investment, real estate investment, condotel investment.Article
Beth Collingz, Marketing Director for Pacific Concord Properties’ Lancaster brand in the Philippines, highlights a trend among UK first-time buyers toward overseas real estate. A study by UK National Savings & Investments reveals that 84% of 18- to 30-year-olds believe buying abroad is more feasible than in Britain. This group typically spends under £200,000, a sentiment supported by Barclays Bank finding that the number of Britons interested in foreign properties has doubled to 18,000 annually.
Factors driving this shift include an aging population, increased property wealth, and leisure lifestyle aspirations, all of which make overseas investment attractive. Collingz notes that with the depreciation of the dollar and the strength of the pound against the Philippine peso, interest from UK buyers has surged in purchasing investment properties and holiday homes in the Philippines.
The appeal lies in the relatively low market prices and flexible payment plans for Condotel developments. Offshore investors, foreign retirees, and overseas Filipinos are keen to maximize returns on their investments, often purchasing second homes for both vacations and rental income. Condotels, offering projected returns of 8-16%, are particularly enticing.
Collingz, who also leads PLC Global Pinoy, an internet-based marketing network for Condotel Investments, states that over 85% of Metro Manila sales were to international clients. These buyers recognize the buyer’s market in the Philippines, where many properties are available but local demand is lower. Returning clients and referrals through their websites, lancastersuites.com and plcglobalpinoy.com, further bolster their international sales.
Tax incentives also drive UK interest in overseas properties. Many UK taxpayers are investing their Self-Invested Pension Plans (SIPP) in Philippine Condotel real estate for rental income and retirement. A SIPP allows personal pension plan holders to manage and change investments, including foreign properties, separately from administration. The rules permit SIPP investments in places like the Lancaster Brand of Condo Hotels, with the stipulation that SIPP holders cannot personally stay in their rooms, thus maximizing rental returns.
With significant numbers now managing their own Pension Plan portfolios, investing in overseas properties such as Philippine Condotels has become increasingly popular. A SIPP can establish property titles in the Philippines, recognized for its legal framework supporting trusts. Despite soaring UK property prices, markets abroad present opportunities for affordable investment. For instance, a preconstruction Condotel suite in Metro Manila can cost less than £25,000.
Owning property in the Philippines is economical, with a £25,000 suite incurring just £100 in annual property taxes and low maintenance costs. Combining tax protection within a SIPP, annual property appreciation, and 8-16% rental income returns makes for an excellent ROI in Philippine Condotel investments. With preconstruction properties appreciating by about 20% annually, both real estate value and rental income options surpass traditional Pension Plans.
Investors seeking alternatives to failed pension plans and other savings schemes are turning to solid real estate investments. Condotels in the Philippines, offering substantial rental returns of up to 16% per annum, present untapped opportunities for wealth growth and retirement income compared to conventional pensions.
Collingz advocates that the high rental returns from Condo Hotel Investments present a massive opportunity often overlooked by real estate agents who focus on residential sales. "We’re here to guide our clients and introduce them to emerging investment opportunities in the Philippines. Self-Invested Pension Plans and Lancaster Condotels are perfect matches," she states.
Pacific Concord Properties Inc.’s flagship Lancaster Condo Hotel development on Shaw Boulevard, Metro Manila, is a top investment choice in the Philippines. Lancaster - The Atrium offers reservations for various suite sizes with safe and secure payment options, including 6-year interest-free plans or 12-year financing, full ownership, and minimal maintenance fees. Collingz encourages potential investors to consider this lucrative Philippine Condotel opportunity.
For more information on Condotel Investments in the Philippines, available suites, pricing, and payment terms, visit the company’s website.
Beth Collingz
PLC International Marketing Networks
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