British Property
British Buyers Buying Property Abroad and Renting in UK
It’s not just first time British buyers who are looking abroad for their property fix, an increasing number of Britons are making the conscious decision to sell in the UK to buy abroad and rent in Britain. Meet the Barby – someone who uses overseas property markets to get ahead, well aware that they can rent in the UK for less than they can buy now that the British property market has become ridiculously overpriced.
At a time when UK landlords are being forced to admit that often, their rental income is falling far short of their mortgage payments and that nowadays, property price appreciation cannot be guaranteed, it’s no wonder that savvy British buyers are buying property abroad and renting in the UK.