Investors buy abroad and rent at home
Many foreign property owners are choosing to live in rented accommodation in the UK, a media outlet has revealed.
The Telegraph stated that factors such as high house prices in Britain have prompted some younger people to look at entering cheaper markets overseas.
However, the newspaper said these buyers are not keeping the property for personal use and are instead using it to generate wealth.
The Telegraph added that the years of "constant and considerable price growth" in the British housing market is now over for the foreseeable future.
This, it said, means that collecting the proceeds of rental income and capital appreciation in a fast-growing market is widely seen as a more lucrative endeavour.
According to a poll by Fair Investment Company, 44% of first-time buyers are thinking of buying abroad in order to save for a deposit for a British property, while 8% have already done so.
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