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A major national bank is reporting that ever increasing numbers of British expats are purchasing UK properties as future investments.
The bank recently sent out questionnaires to expats living in France, Switzerland and the U.A.E. Information received back stated that from the 25.8% of those looking to purchase UK properties, 38% of them view it as the source of future income when renting them out.
Only 11% showed any concerns over the state of UK housing market growth.
Director of International Banking, Richard Musty, said: ‘Confidence in the UK property market is very strong. Our Investor Sentiment Index showed that consumer sentiment for UK property had grown by 50% since March 2013, so it's not a surprise that Brits abroad are looking back home.
‘UK property prices are strengthening and British expats don't want to miss out on this investment opportunity. Our research shows that huge numbers of expats are now ready to take the plunge as they look to benefit from high rents and a relatively weak pound.’
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