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A Find UK Property survey on overseas investors looking to buy UK property, has shown that most (53%) thought that a YES vote in the Scottish referendum will result in higher property prices in England. However, the majority did not think a NO vote would have any significant effects on property prices.
England, UK (PRWEB UK) 29 August 2014
Find UK Property conducts regular surveys on overseas investors who are looking to buy property in the UK. A recent survey conducted in early August 2014 has shown interesting results with regards to the possible effects of the Scottish Referendum on property prices.
Respondents were asked to forecast what would happen to property prices in England if Scotland voted YES in the referendum on 18th September. There were 3 options and the results are shown below:-
53% thought Prices in England would RISE
17% thought prices in England will FALL
30% thought that there would be NO CHANGE
When the reverse questions was asked (What would happen to property prices in England if Scotland voted no), the majority (over 80%) indicated NO CHANGE.
Andy Noble, Senior Marketing Consultant at Find UK Property explains On further qualitative questioning, it seems that most overseas investors think that Scotland may have economic teething problems should it become independent, and this may result in some investors switching away from Scotland to England. They think that the increased demand in England, especially Northern England may result in increases in property values.
He added: Our best-selling house in the North West of England costs just £54,995 and delivers 8% rental yield. Even with price increase after September, it will still represent far better value than London. The same 2-bed house on the outskirts of London could cost over £250,000 and deliver around 3% rental yield.
About Find UK Property
Find UK Property are the 'buyers' agent and specialize in helping serious overseas buyers find the most suitable investment property for their needs. The company conducts regular surveys on overseas investors and findings are printed at their UK Property News Blog at http://blog.findukproperty.com.
The most popular purchase are the fully managed low cost houses in the price range of £55,000 to £70,000 that come with full management, repair guarantees, and guaranteed rent. Many clients are seasoned investors who may have purchased investment property in other countries via sister companies Openshore Property and Sandcastles based in Dubai. Further details can be found on the Find UK sales website at http://www.findukproperty.com
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