Mobikes start in Manchester

There have been a number of changes to the tax system in the UK with regards to property to deter buy-to-let investors and help young couples purchase their first homes. This has been somewhat effective to domestic investors however has had quite the opposite effect on British nationals living overseas.

Skipton, a lender that offers buy-to-let mortgages for British expats, state they have written over £190m in mortgages and have doubled their figures since last year.

Buy-to-let has always been a favoured long-term investment by the British and so it seems these tax changes have had no effect on expats. Apparently, the increases comes from British expats in the UAE, Switzerland and Hong Kong.

Research from JLL shows that as well as British expats, Asian investors account for 28% of the UK property investments in 2016. It would appear that many Expats and Asian investors see the uncertainty of Brexit and the devaluation of the pound as a great investment opportunity and we couldn’t agree more.