UK proving popular with buy-to-let investors

The UK is proving increasingly popular with buy-to-let property investors, it has been claimed.

According to furniture solutions provider Fully Furnished, a growing number of overseas investors are looking at property in the UK, and London in particular, as confidence improves.

"Although still faced with its challenges, there is more confidence currently in the UK property market and demand for rental properties remains very strong. Recognising the increase in rents now being achieved, we are seeing more international investors than ever choosing to make an investment purchase in our capital city," the firm's managing director Alec Watt stated.

Last week, it was reported that house prices in London have fallen during August, wiping out gains made in the first half of the year.

According to the Rightmove real estate index, asking prices in the capital city fell 4.1 per cent to an average of £405,058, marking the biggest drop in two years.
 

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