London repossessions attract foreign investors

Overseas investors armed with strong currencies relative to sterling are eager to snap up repossessed properties in London, with savvy buyers seeing long-term value in the UK’s capital city.

Distressed Assets, a Liverpool based company which specialises in sourcing bank repossessed property, has received a high volume of enquiries from abroad.

“We have recently received enquiries from Ireland, UAE, France, Spain, Pakistan, Australia, USA, India, Latvia, Norway and Cyprus. Many of the investors are seasoned business people who view the present economic climate as a buying opportunity and understand the significant value in UK bank repossessed property” says Director Dominic Farrell

Farrell continues, “Falling property prices, a weak pound and the added value of investing in repossessions gives the overseas investor up to a 60% discount on 2007 London property prices. With strong yields and the outlook for medium to long-term capital growth positive, London property has all the attributes of a blue chip investment for UK and foreign investors alike.”

For more information, visit distressed-assets.co.uk.