17 Jun

More Australians investing in UK property

More Australians investing in UK property

The UK property investment market has seen an increase in the number of Australians becoming landlords, it would seem.

According to the one London-based estate agent, Steve Smith, there has always been an interest in British property from down under.

He told the Australian Daily Telegraph that ten to 15 per cent of the landlords on his books were from the country - and many of them have taken advantage of the cheaper price of property in the last couple of years.

The newspaper also reported comments from Martyn Gerrard, chairman of the National Association of Estate Agents (NAEA) north-west London division.

There has been "a lot of foreign interest in April/May not just from Australia but from other places (such as Japan and Europe as a whole)", the NAEA representative explained.

Earlier this month, the editor of Property Hawk website Chris Horne suggested that overall demand for buy-to-let mortgage has remained strong in recent times.

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