15th November 2007
The Mirror – Irish Buy Across the Pond
IRISH investors are snapping up houses in England as investment properties, it emerged this week.
Imagine Homes, the UK's buy-tolet specialists are experiencing a sharp upturn in international business with a growing trend towards UK properties being purchased by Irish investors.
Group Sales and Marketing Director of Imagine Homes Marc Lafferty said: "Irish investors are now snapping up investment property in the UK safe in the knowledge that there is a strong demand for the right property in the right place.
"However, for a buy-to-let investor the challenge remains to find the right property, in the right location, at the right price point. This is where Imagine Homes can help."
Over the last 10 years the UK has experienced spectacular growth in property prices as demand far outweighs supply with homes not being built fast enough. Only about 160,000 homes were built in England last year whilst the number of households is thought to have increased by 200,000, according to mortgage lender Halifax.
Rental incomes have also grown albeit more slowly than house prices.
The Association of Residential Landlords Association states that most buy-to-let investors who purchase in the UK simply want to cover their costs, because they view their property purchase as a long term investment.
Imagine Homes source quality new build opportunities in excellent locations throughout the UK with strong capital growth and rental prospects. They also guarantee the customer a unique guaranteed rental income of 22 per cent of the purchase price over four years.
Imagine Homes currently have a range of properties available at developments throughout the UK.
For further information on Imagine Homes and their portfolio of properties simply log onto www.imaginehomes.ie or call 1890 350 350.