INVEST IN LONDON WITH GOLDEN BRICKS
AND EARN MORE THAN YOU IMAGINED!
London is always considered a safe haven for investors. Due to the political situation with Brexit, its safety has only increased.
Investing in London has never been a better idea than in the current years. The value of the rupee rose by 2% between August 2018 and now, bringing down asset costs for Indian buyers. Availing ‘interest-only’ bank funding from British banks, with interest rates at 3-4%, is an option for non-resident buyers.
It is an opportunity for smart Indian investors to invest in central or upcoming London, knowing the inflation the rates are facing. The property will soon sell for a large profit. As Simon de Friend, joint CEO of Regal London, says, “There have been reports of the super-prime property market experiencing a price correction… largely in the overinflated (London) centre around Mayfair and the West End.”
RBI rules allow resident Indians up to $2, 50, 000 per financial year for any permissible current or capital account transaction, or a combination of both. Combining this with favourable currency exchange rates makes London investments an even better idea.
Doing a quick comparison between the Indian and British markets – apartments in upcoming London areas, such as Reading, Maidenhead, Slough, Taplow and Canary Wharf, sell for nearly £550 per sq ft, that is, around Rs. 45,000 per sq ft, which is the going rate for apartments in upscale Mumbai suburbs. Meanwhile, apartments in cities like Birmingham and Manchester cost as much as apartments in Pune and Nashik.
As de Friend says, “The UK’s departure from the EU has had its greatest impact at the very top end of the market. Over the last five years, we have witnessed a sharp increase in the number of Indians wanting to buy properties across our London development portfolio.”
Choosing the right time and place to invest is very important to maximise returns. With Golden Bricks, you can invest in London without facing any logistical or legal issues. Our expert team is here to help you make sound investment choices, guaranteeing the best returns and making very lucrative deals.