Buy-to-Let Properties Soar as 2012 Olympics Approach

As one of the world’s most coveted locations for owning real estate, London has an edge on the market as the 2012 Olympics near. Foreign investors are buying up as much buy-to-let real estate as they can get their hands on simply because the demand for lettings is higher than available property. London property is always a prime market on a worldwide level, but 2012 portends to be the year of prosperity for property investment.

This comes as no surprise since properties in an Olympics city is always highly valued in the years immediately preceding or following the Games. Of course buy-to-let luxury suites are being booked well in advance of this year’s festivities, but even after the crowds have departed and the medals have been taken home tourists will flock to the Olympic Village to see where all the action took place.

There is still time to get in on the action with property investment  in and around London as offshore investors are taking advantage of low tax rates available only to foreign investors. Brits still pay inordinately high property taxes but British real estate taxes still favour foreign investors. It is said that these laws are not set to change at any time in the near future since the UK needs the revenue and does not want to discourage foreign investors from making large purchases of UK real estate.

1^st Asset Singapore specialises in letting and managing properties for investors in Singapore and with more than 300 properties already added to their portfolio within the last year, this is one management company to count on. Singapore investors will have a point of contact in Singapore as well as one in London and all reports and aspects of management can be handled efficiently and expediently. It is true that the Olympics are just around the corner, but prime London real estate is steadily rising in value. Invest now while there is still time to do so before real estate rises even higher.