Foreign investment used to fund UK property

A couple from the UK hope an overseas property investment could help them afford a house in Britain, according to a newspaper.

The Metro highlighted the case of Paul and Samantha Emery, who have been priced out of the market in their home town of Watford.

Speaking to the newspaper, they said they believe a foreign property investment could be the solution to their problem.

The couple have purchased two properties in Bulgaria, as it is a much cheaper country with a rapidly-growing housing market.

This means that the couple could potentially make a profit if they sell up after the houses have gone up in value.

Ms Emery commented: "It has already increased in value, but we are holding onto it for five years so that we don't have to pay capital gains tax when we sell."

She added that they have been able to afford the mortgage payments by letting the properties out and collecting the rental yields.

According to the Association of International Property Professionals, Bulgaria was the fourth most popular foreign destination for UK buyers last year.
 

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