London was named Europe's second-best city for real estate investment. The city has a lot to offer, and many people are drawn to the metropolis in order to create a life, start a career, or settle down. This makes London an excellent investment opportunity for individuals who want to buy residential houses.

There are no legal restrictions on expats purchasing property in the United Kingdom. The UK welcomes both foreign nationals and non-residents who can obtain a mortgage there. On the other hand, those with less than two years of residency in the UK and without a job may be subject to more stringent standards and a larger deposit.

Many businesses prefer to be vague with numbers because each construction is unique. However, in today's market, the average cost of constructing a luxury house ranges from £500,000 to £1 million+.

In most situations, a deposit of at least 5% of the property value is required. The average house deposit for a first-time buyer in the United Kingdom is about 15%. The larger the deposit, the lower your mortgage interest rate and the smaller your monthly payments.

Glentree Estates offers a wide range of truly breathtaking luxury mansions. From a luxurious apartment to a family home, we have a wide range of properties for sale in London. Find your dream home with us.

A luxury property is a home that falls within the top 10% of properties on the market. Luxury houses are often large in size, located in desirable areas, built and finished with high-end materials, and equipped with unusual architectural features and sophisticated amenities. Glentree Estates offers a wide range of luxury properties for sale in London that meet the highest standards of quality and elegance.

According to many experts, the housing market will level out in 2022, but prices are more difficult to predict as demand remains high. The market is anticipated to cool down throughout 2022 without schemes like the Stamp Duty holiday and increasing interest rates.

The time required to close the deal varies depending on whether you are buying directly from the seller or through an estate agent. When purchasing privately, it usually takes 6 weeks to acquire title deeds and exchange contracts. If you buy through an estate agent, this process can take 4 weeks, but this can vary depending on whether the property is involved in a chain.

Stamp duty land tax (SDLT) is a fee paid by the buyer of a UK property. The stamp duty rate varies from 2% to 12% of the purchase price, depending on the property's value, purchase date, and whether you are a first-time buyer or multiple house owner.