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UK economy surges ahead of growth predictions

April 15, 2014Article by Ray Withers

The recently released International Monetary Fund (IMF) World Economic Outlook has projected that the UK will be the G7’s leading economy in the year ahead, with growth of 2.9% during 2014. The figure has been revised upwards from the IMF’s January estimate of 2.4% – a clear indication of the strength of the UK’s economy.

A thriving investment environment

The latest IMF report is obviously good news for those thinking of investing in the UK. Known for being ahead of the property investment curve, specialist investment company Property Frontiers highlighted the UK market as one of the world’s investment hotspots for 2014, thanks to the country’s blossoming economy and massively expanding buy-to-let market.

Indeed, buy-to-let in the UK is the news with which every recent property show and event has been buzzing. Not just UK investors, but those from across the globe are keen to be a part of the sector, as evidence by the recent Lloyds Bank survey, which found that 38% of British expats who plan to buy property in the next two years will be looking to rent it out, with 25.8% flagging the UK as their favourite country for property investment, putting it at the top of the list of investment destinations.

The whys and wherefores

The reasons behind the huge interest in the UK buy-to-let market are fairly straightforward. Ray Withers, Chief Executive of Property Frontiers, explains,

“The UK isn’t building homes fast enough to keep up with demand and hasn’t been for quite some time. The lack of supply is driving up prices and many would-be purchasers are turning to the private rented sector when they find themselves priced out of the market. It’s creating a huge opportunity for buy-to-let investors, just as Property Frontiers predicted that it would back at the end of last year.”

A rosy future

The IMF’s World Economic Outlook predicted another rosy year for the UK for 2015, with growth of 2.5% forecast. The projection cements the UK’s position as one of the world’s most exciting – and stable – property investment markets in the years ahead, confirming the research undertaken by Property Frontiers.

Buy-to-let opportunities in cities such as Birmingham, Liverpool and Bradford will feature strongly on investors’ wish-lists. Property Frontiers’ prime Birmingham buy-to-let apartments epitomise the kind of property that investors are looking for, with only a few units still left for investment after the rest have been quickly snapped up. Starting at as little as £104,500, the landmark apartments offer a guaranteed 7% rental return for one year with underwrites available.

The combination of excellent prices, high yields and capital growth is proving a strong draw for global investors and the positive projections from the IMF will serve to further stimulate the market. The advice from Ray Withers? Act fast to be part of the action!

Investors wishing to find out more about buy-to-let opportunities in the UK’s leading cities  are invited to contact Property Frontiers or call +44 1865 202 700 for further details.

Author

Ray Withers

Ray has over 17 years’ experience in the international property market and bought his own first international property investment back in 2002. Aside from running Property Frontiers, Ray has been involved in residential, hotel, student and commercial property investment and development in both the UK and overseas and co-wrote "Where to Buy Property Abroad - An Investor's Guide". As Founder and Trustee of the Frontiers Foundation, Ray is directly involved with many of its projects to ensure they have a direct and tangible impact in individual communities across the globe. He is passionate about property, travelling, scouting out new opportunities and finding time to spend with his young family.
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