Britain encourages its retirees to invest in property

Britain encourages its retirees to invest in property. Thus the UK government has two objectives – first, to increase the income of those pensioners who remain in cash or have excess property, which they do not enjoy, and second, to provide additional working capital for the residential real estate market, giving him another incentive.

According to a study conducted by government, about 200,000 people in retirement or close to retirement age are ready to invest in real estate with the aim of renting it out.

In the 4th quarter of the last year the amount of investment in real estate “buy to let” has increased by 28% percent .

In April 2015, will come into force changes in the pension legislation under which pension funds on investment projects and size of investment inflows into the market, “buy to let” will increase.

The government has told pensioners that their income will be much higher than the income of pension deposits, which ranges from 3% to 4%. In addition, the expected significant increase in the cost of capital.

Analysts recommend to choose for investment of the city outside of London to invest in Prime property in cities with a developed infrastructure, good transport connections and the presence of a number of prestigious schools. So these are the key factors that make residential properties marketable terms of sale and attractive terms of the lease.

It is expected that growth in property prices in 2015 outside of London will be 3% -5% and income from lease – 6% -8%.

It is very good compared to elite areas of London, where the expected rental income of not more than 2% -3% .

It is also recommended to invest in large cities with universities, such as Edinburgh, Glasgow, Nottingham and Bristol.

Pensioners who have decided to invest in property , it must be borne in mind that additional income may cause adverse tax consequences and urged to seek professional advice for a full assessment of all obligations before taking the final decision.

® Alice Morgan. 27. 03. 2015.

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