Overseas Buyers

The global village seems to be getting smaller! As ever, the appeal of life in the UK becomes attractive to increasing numbers of foreign migrants.

Whatever your thoughts as to the effects that migration is having on the economy or social make-up of our country, no-one can deny that our demography is changing.

However, whilst it may be several years before most migrants will have built up sufficient capital and credit-worthiness in order to buy a property, we should not forget that the UK also exerts a strong pull on wealthier migrants who appreciate the political stability, lower crime rate, educational and healthcare standards, and even the climate of the UK. Whilst many Brits can be heard moaning about these things, many other countries have it much worse!

The weaker pound has recently prompted an increase in well-qualified buyers from all over the world who are delighted to be here and have surprisingly deep pockets.

It would be too easy to judge on appearances, but there have been many cases of rapid sales at high prices to cash buyers. With today’s tighter mortgage criteria, surely this is just what we need in the current market! When buyers come to us with hundreds of thousands of pounds in cash (or more accurately in their bank account), we know that their chances of buying are actually quite high, and we are good at looking after these buyers (N.B. We are of course bound to follow anti-money laundering regulation procedures to the letter).

So if you are selling through us and find us showing your property to someone who might not necessarily fit the description of “a local”, we might just be on to something good!