Property investors, particularly from Asia, are increasingly inquiring about overseas property finance, say providers, while some wealthy investors can afford all-cash purchases.
Overseas property finance is in increasing demand, particularly from Asian investors, says a leading provider.
Despite rising inquiries for foreign finance, some wealthy property investors, particularly from China and Russia, are able to pay in cash, says overseas property and finance specialist, Simon Conn.
Mr Conn tells us, “We are very busy with people from Asia buying abroad. We are getting increasing inquiries from people in Singapore, Hong Kong and China. They are looking to buy not just in the UK, but also in other parts of Europe.
“It is never a problem to get finance and there is a good supply of lenders for foreign buy-to-let and commercial sectors, which are most popular, and rates are competitive. In fact, for buy-to-let in countries like Spain and France there is no differential.
“The market is getting busy and there is a lot of money in those countries. In fact, a lot of Chinese and Russian clients have a lot of money and are buying in cash and so don’t need a mortgage. There is a lot of money for the ‘Golden Visas’.”
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