As the largest and most professional China high-end real estate investment allocation and development management platform, Jinsheng helps hundreds of clients find suitable houses every year. According to the customer's demand and information experience in the past, we sorted out the problem of buying a house in Britain that 10 is most concerned about. If you have any doubts here, let's take a look ~
About investment prospects
1. How much impact will Britain's withdrawal from the EU negotiations have on the British real estate market?
It is generally believed that Britain's withdrawal from the European Union has aggravated the uncertainty and pessimism of Britain's economic operation, but in the long run, London is still one of the richest, most developed, most prosperous and highest living standards cities in the world, and is the center of international finance, economy, fashion, science and technology, commerce and fashion.
In the last century, when the hegemony of the United States and Britain was handed over, London was also questioned that it would be replaced by new york, but in fact, so far, London still maintains the charm and vitality that attracts the attention of the whole world. Therefore, we should keep a calm and objective judgment on Britain's withdrawal from the EU. Secondly, according to our previous data, there are still many giants from technology, fashion, finance and real estate lighting industries who have settled in London and opened new headquarters. These are all important indicators for high-income and high-quality talents to move to London. Specifically, we can review the article we wrote (the tough "Britain leaves the EU" Boris took office, and the high-net-worth people in London lost? Therefore, we have reason to believe that the future London real estate market will still be in a situation of oversupply and housing shortage.
2. Which region of London has greater appreciation potential in the future?
The judgment of appreciation potential also depends on the customer's perspective. Judging from the housing price level, Bajin-Dagenham in the east is the lowest average housing price in London at present. The government has many urban renewal plans for this area, and its strong support will bring new changes to the real estate market in this area. Judging from the number and scale of housing projects under construction, Merton in southwest London includes the renovation of 400 houses and 90 new housing plans. Considering the long-term "housing crisis" in London, this place will also usher in a hot market.
Of course, we can also look at it from other angles. For example, some investors will tend to choose houses along the Elizabeth Line that will be completed soon, and some investors will tend to choose areas with developed finance, economy and commerce. Although there may be no new projects under construction or price advantages in these areas, the continuous flow of people still brings appreciation potential that cannot be ignored. Therefore, we advise customers to consider real estate investment from various factors while paying attention to which area of London has greater appreciation potential and combining their own needs.
3. Can you buy a house near the school district and enjoy the surrounding high-quality educational resources?
London has always been famous for its high-quality and intensive educational resources, so the price of the London school district is better and the sales are more popular. Not only locals, but also political and business celebrities, actors and singers from many other countries have also bought real estate in various university districts.
Generally speaking, for public schools, the closer they live to the school, the greater the chances of admission. For example, the competition for seats in the famous public primary school BousfieldPrimarySchool is so fierce that families only 300 meters away are turned away. Private schools are the cradle of elites and need to be prepared several years in advance. Generally speaking, schools in London have certain requirements for the enrollment area, so when buying school districts, we must pay attention to the enrollment scope of surrounding schools so as not to miss the opportunity.
About real estate prices
4. Is it really unnecessary to rent a house in London? Who are the groups that usually rent houses? Can the rent meet the monthly repayment?
The renters in London mainly come from three groups, one is the international students who come to study in London from all over the world, the other is the locals who can't afford to buy a house, and the third is the employed people who flock to London from all over the world. No matter which group, housing is just needed for them. According to the latest data, the proportion of people who own their own houses in Britain is 65%, which is 5% lower than 20 10, and the trend of renting houses remains unchanged. This means that if the current ratio of tenants to buyers in Britain is maintained, by 2039, the number of tenants in Britain will exceed the number of buyers.
Judging from the rent level, in June this year's statistics, the average monthly rent in London rose to 17 16, with a rent growth rate as high as 3. 1%, ranking first among cities. For details, please refer to the article we wrote (more than half of Londoners want to rent a house? Investors are optimistic about real estate). Generally speaking, renting is still a good choice for real estate investment, especially in London, where there is a great demand for housing.
5. What is the difference between permanent property rights and leased property rights? What effect does the term of property rights have on housing prices?
The so-called leasehold owner means that you own a property but do not enjoy its land ownership. The owner who owns the land ownership is called a freehold. He has permanent ownership of the house and the land occupied by the house, and can freely use, lease and mortgage it. With the transfer of property, ownership also changes.
If your property lease expires, the ownership of the property will also return to the holder of the permanent property right. The term of property right is an important reference index for buyers. If the lease term of property right exceeds 100 years, the price difference between them is not big, but if the lease term of property right is short, the corresponding house price will also drop. Moreover, after the property right expires, it will cost a lot of money to renew it. At present, the houses provided by Shengjingshi are all permanent property rights (999), so don't worry about the impact of the delivery period on the house price.
6. Is there room for price fluctuation? After choosing a good house, how can we minimize other expenses?
In London, some sellers will give buyers a certain discount in order to reach the final transaction. At present, this ratio is about 4.8%. But considering that London's real estate market has always been a real estate market, unless you buy a second-hand house, there is not much room for bargaining.
As we say, "You get what you pay for", there are some speculative factors in the real estate price in London, but it is undeniable that most houses have good quality assurance and geographical location, so it is difficult to have great flexibility in price. But other expenses in the process of buying a house can be reduced by some skills.
First of all, be clear, don't omit important festivals or deal with things for petty gain, because the hidden dangers left behind may lead you to spend more money to make up for them. Secondly, before buying a house, we should have a budget for various expenses in advance, including choosing the right time according to the fluctuation of foreign exchange. Finally, be sure to read the contents of Loushu carefully. For projects that you don't need or are not mandatory, such as parking lots, you can communicate with the seller and cancel them.
On the Standard of Housing Choice
7. Can I modify the housing structure after buying a house? What modifications are allowed?
In China, the housing model can be appropriately changed according to the living requirements. In Britain, it is very difficult to modify the pattern, which needs to be filed with the local government and it is difficult to get approval. Therefore, when choosing a house, it is best to choose a pattern that suits your own mind.
8. Do you need to show relevant documents to prove the source of property when buying a house in the UK?
This is unnecessary. However, in Britain, all practicing lawyers must ensure that their clients do not buy or invest in real estate with the profits obtained through illegal money laundering, so they must "know their clients", ensure the legal status of private buyers, and review their articles of association and operating conditions. Private buyers also need to show a bank statement with a permanent residence address. Lawyers may also ask about the source of the purchased property. If the legality of the source of property is questioned at any stage of the transaction, lawyers are obliged to notify the relevant legal authorities. Otherwise, they may lose their lawyer's license and even bear legal and criminal responsibilities.
9. Can I buy a house with others?
It is not uncommon for relatives and friends to buy a house in partnership, especially under the policy of restricting purchases and loans. Although it is ok for two or more people to buy a house together as long as the relevant policies are met, the owner of such a house may face considerable risks. In practice, disputes often arise because of their respective interests. Therefore, if you need to buy a house in partnership, it is recommended to draw up a written agreement in advance, determine the distribution of property and income, and clarify the purchase method (* * * by * * */by shares * * * *, and at the same time, you can't ignore the invisible * * * people, such as the spouse of the other party). Only by clarifying the legal responsibility and the distribution of interests can we avoid major disputes in the future.
10, when you first arrive in the UK, do you want to buy an apartment or a villa in one step?
Single-family villas in Britain are called detached houses. Each house is independent, with its own independent garden in front and back, and its own private garage or outdoor independent storage room. Most of these houses are located in the suburbs of the city, and the environment is quiet, but these houses are usually expensive and are not as convenient as apartments in tourism, shopping and work.
The apartment is similar to the buildings in our country. But at present, most developers in Britain are equipped with pleasant parks, cinemas, swimming pools, massage rooms, simulated golf courses and other complete supporting facilities, and the front desk usually has 24-hour intimate service. In addition, many apartments provided by real estate mostly employ high-end designers to design the furniture and layout of houses, so residents usually don't need to spend more money after buying real estate. In addition, the superior geographical environment and convenient shopping, work and school conditions of the apartment are also a big advantage. So again, your needs determine the final choice. Of course, from the perspective of investment, the rental return rate and market demand of apartments are greater, which is more conducive to real estate investment.