Following the result of the UK European Union referendum the value of the Great British Pound dropped sharply, to a level not seen for the last three decades. While financial analysts are considering the wider implications of the results, Direct Airport Parking Investment’s view is that it’s good news for investors, in particular overseas investors, who have been considering the buy-to-let option of off-airport car parking.
Airport car parking at some of the UK´s busiest and fastest growing airports is a solid, proven low risk opportunity offering both rental income and capital growth.
Direct Airport Parking Investment feels that the result announced last Friday (24 June) for the UK to leave the European Union will lead to many overseas investors eyeing UK property investments more favourably.
Britain is now able to reassert itself in global markets and renegotiate on its own terms. It is likely the pound will continue to decline in the short term but this makes the UK more attractive to overseas investors who will no doubt take advantage of this situation in a way similar to that after the last financial crisis.
If other EU members follow Britain’s lead, in the longer term, it will encourage investors to look again at the UK and could see EU citizens relocate here and British expats return. Demand for London property still remains strong and the city is likely to continue dominating as a global capital.
Peter Tomlinson, Senior Investment Consultant at Direct Airport Parking Investment, said;
“The pound is now as low as it has been for over 30 years which makes it the perfect time to invest in UK buy-to-let property, particularly for overseas investors. Interest rates remain low, boosting the attraction of investing in UK commercial property at the current time.”
Direct Airport Parking Investment is the master agent for Park First, the industry leader in secure, quality off-airport car parking at major UK airports. Park First owns and manages cars parks at London Gatwick and Glasgow airport – the latter of which has recently won the title of Best Airport in Europe Glasgow Airport Best in Europe*. Park First is set to expand its portfolio to include other fast-growing UK airports.
Spaces on car parks located at these airports are available for investors to purchase from £20,000. They are a low risk, high yield and proven commercial buy-to-let property investment. Investors in Park First car parks at UK airports are assured of an 8% return in each of the first two years of their investment, with a predicted rise to 10% in years three and four, and 12% in years five and six. Direct Airport Parking Investment’s year three investors have already been paid returns of up to 10.8%, exceeding the predicted 10% and surpassing the returns on more traditional investments.
Peter Tomlinson added:
“As a well-established business, Park First is an attractive, solid investment option. With no business debt or finance of any kind, investing in off-airport car parking at Park First owned and managed car parks is a low risk way to invest in UK property. And now there’s never been a better time.”
For more information about investing in off-airport car parking at major UK airports with Direct Airport Parking Investment Limited, visit www.directparkinginvestment.co.uk or call +44 (0) 161 820 4956.
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