Foreigners can buy, lease and sell real estate without restrictions in the UK.
Statistics confirm the liquidity of investments: every quarter, residential real estate prices grow by an average of 1.3%. Five years ago, an apartment of 100 m² cost an average of €342,000, and today it is sold for €431,000.
Penthouse in London
Apartment in London
Apartment in a major city
such as Manchester
What do investors buy?
The most expensive properties are in London and the surrounding counties — Surrey and Sussex.
Obtaining a UK residence permit or citizenship is not connected with purchasing real estate.
A residence permit obliges the holder to live in the country for at least 183 days a year and not leave the UK for more than 90 days. British residents can’t visit other countries visa-free.
After six years of living in the UK, an investor can apply for citizenship.
Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.
Owners pay a municipal property tax. The municipality sets the tax amount depending on the cadastral property value. In London, for example, the rate depends on the district.
Property owners pay an income tax of 20% on their rental income.
Utilities. Water, electricity, and gas are paid for by meters. Housing is often heated with gas fireplaces or boilers. Some apartments have a wood-burning fireplace.
If an apartment owner has a long-term leasehold right, they pay additional rent to the land owner. The contract determines the fee amount. The approximate range is between €20 and €700 per year.
The building maintenance fee, which includes the elevator, cleaning, repairs, and concierge, depends on the building.
Internet, TV, and telephone connection costs €30 to €53 per month, depending on the tariff and locality.
Electricity, gas, water, heating, and garbage collection
Cleaning, repairs, and concierge
A seller of real estate in the UK pays a capital gains tax of 18% to 28% on the difference between the sale and purchase prices. The tax rate depends on the amount of capital gain.
The following are exempt from paying the tax:
If the owner sells the property through an agency, they pay a commission of 2% to 4% of the sale price.
Capital gains tax
Paid on the difference between the sale and purchase prices
Depends on the real estate agency,
Yes, foreigners with or without a residence permit can purchase real estate in the UK. There are no restrictions.
Property prices in the UK are growing by an average of 1б3% every quarter. The average housing cost is €4,310 per 1 m².
You can buy property as a foreigner, but it won’t give you a residential permit. Obtaining a UK residence permit or citizenship is not connected with purchasing real estate.
UK expats can obtain a residence permit for investment in the economy
from £2,000,000, or about €2,350,000. These cannot be investments in real estate or in companies whose activities are related to investments in real estate.
Property owners in the UK pay a municipal property tax depending on the cadastral property value.
A seller of real estate in the UK pays a capital gains tax of 18%—28% on the difference between the sale and purchase prices. There are exemptions for: