After selling properties throughout Southeast Asia, Knight Knox International is seeing a surge in interest in the UK property market from Australian property buyers and investors.
The company, which offers a range of U.K. buy-to-let and student accomodation property investments, reported high interest and some 89 enquiries after participating in its first ever Australian property exhibition recently.
Two main factors are being identified as the reason for this upsurge. The first of which is the costly nature of the Australian property market which freezes out many of its own home-grown investors, while the second is the continuing depreciation of the Australian dollar which has seen growing numbers of Australians putting their money in UK Stirling and property.
Alasdair Mcdonald, a member of the Knight Knox International exhibitions team spoke of the rising interest from Australian investors.
He said:: “When discussing potential investment options with Australian investors their true feelings come to the fore. They expressed that there is no country that they would prefer to invest in more than the U.K. because of the security, and also because they are investing in pounds sterling, as well as generating a steadily increasing income on the net rental side.
"Also, as an overseas investor, they will be paying zero capital gains tax and be taxed considerably less on their rental.”
The Knight Knox International team will continue their first venture into Australia at this weekend’s Homebuyer & Property Investor Show in Melbourne.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote
this story. To contact him about this or other stories email andrew@allproperty.com.sg
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