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Millionaires Are Back In The Market For High Quality DealsJul 03, 2009“ www.millionaire-investments.com has seen a great deal of activity from overseas buyers looking for UK property while the pound is still low against the dollar and euro. Enquiries from overseas buyers are increasing, ” Share on
Email Friend Contact Author (iRealtyWire.Org) – Millionaire Investments have been busy with overseas buyers looking for great deals on UK property, especially in the London area. With property prices depleted and plenty of distressed residential and commercial properties to be had, the market is seeing a gradual increase in momentum.
The MI private members portal and its unique network has been working on commercial and residential sales in Belgravia and other West London locations. Buyers are coming from Russia, US and some of the Scandinavian countries, all looking for opportunities to build their property portfolios, and gain instant returns from prices that are lower than the valuations. With the global economy still in a distressed state you tend to see serious property investors being the first back into the market. Many of these have existing acquisition that have lost value, but also understand that there is great potential to buy. Our advice to investors is negotiate hard for the best deals. Commercial properties obviously rely on rental yields and the potential to buy distressed commercials means that your yield can sometimes increase by up to 5% annually against the valuation. This opportunity is the same all over the world, but the pound is now strengthening gradually, so a timely exit strategy in the next few years would see equity growth and money to be earned from a strengthening pound. The Millionaire Investments private portal can search out the most appropriate investments for overseas buyers, and if you join and purchase through the MI portal, we will refund the membership fee. # # #
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