US Edition However you voted on May 7, one element of the general election is beyond debate: the unexpectedly decisive nature of David Cameron’s return to Downing Street, this time with a small, but effective, majority.
Political uncertainty put the UK property market into a state of limbo over the past six months, especially at the top end. But Labour’s failure to win means fears of a mansion tax on homes valued at more than £2 million have receded.
Domestic and overseas property investors were apparently following the election so closely that central London estate agents told of calls to their offices from potential buyers keen to get back into the market even as votes were still being counted.
In the hours after exit polling indicated a Conservative win, luxury London property worth hundreds of millions of pounds was rapidly changing hands as savvy buyers pushed through sales.
High-end estate agents have reported that interested buyers are re-emerging from relative inactivity right across the globe. Lebanon, Saudi Arabia, the US and Europe are among the locations from which wealthy investors are looking for a London base or property investment.
Now seems the perfect time to get a foothold in a market that looks set to boom. But what does this mean for those with significantly less buying power than wealthy magnates?
London is clearly the place to invest, but finding the deposit for a mortgage on a city-centre investment property – let alone meeting today’s ever more stringent lending criteria – appears beyond the vast majority of ordinary people.
Fortunately, there is another way. Property Crowd provides an investment option that not only makes property investment in the UK’s most desirable city-centre locations affordable, it also keeps it simple.
The first UK real-estate crowdfunder to operate under Financial Conduct Authority regulations, Property Crowd recently launched an offer that enables investment into one of the world’s most sought-after buy-to-let property markets from as little as £5,000.
The latest development on offer is a riverside location in Fulham, in the SW6 postal district.
“The properties will be fully managed, which means investors will be unencumbered by the hassle of having to deal with tenants. We deal with all of that.”
In the longer term, investors will benefit from 75 per cent of the capital appreciation on a sale, expected to be in five to six years.
Robinson adds: “We’re delighted to be able to make available this latest offer in a city that the world’s keenest investors are watching so closely right now.”
• Become a member of Property Crowd to find out more
INVESTMENT EXPOSES YOU TO THE RISK OF LOSING CAPITAL.