Property Investment, Scotland.
K & H Property Solutions
Your Investment, Our Priority https://linktr.ee/KH_PropertySolutions
The Bank of England are talking about a potential intervention after the pound (￡) crashed by more than 3% this weekend. This brought it to the lowest level against the US Dollar in 37 years!
This is after an increase in interest rates, which saw them rise to 2.25%.
What this will mean for the UK is higher prices for the foreseeable future.
Currently we are waiting for the Bank of England to announce any further changes, it is advised that rates may increase as high as 4.25%.
The Mini-budget announced last week pushed the British pound and the UK bonds into a free fall on Friday, which meant the UK has become a higher risk to invest in, overnight.
This means that tourists will find it cheaper to visit the UK and companies will become more competitive within the UK as British goods and services will be cheaper to export.
From a property investment point of view, UK investors will feel a strain due to the recent energy price increase and the cost-of-living crisis. However, for overseas investors, the falling pound is a great investment opportunity to invest in the UK property market.
K&H Property Solutions specialise in Property Investment, in Scotland.
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A study conducted by Rightmove, revealed in April 2022, the average Sold price in Greater London was ￡677,110 compared to Scotland ￡182,310.
The average rental yield in the UK is around 5%. In Scotland, we can easily achieve 7-10% in rental yields.
When other parts of the economy are falling, from historical data we know for sure that property remains one of the most stable ways to invest.
If you would like further information or an investment plan to suit your own personal criteria, reach out to our team today to arrange an informal chat.
Email: [email protected]
Telephone: +44 141 374 0413