INTERNATIONAL REAL ESTATE
Quoting Amanda Ake of Stacks Property Finders
House Hunting in England: A Modernist Gem in the Countryside
The English harbor city of Bristol, near the Welsh border, is emerging as a vibrant alternative to increasingly expensive London.
The historic city center and Harbourside districts are in high demand, brokers said. Popular suburbs for buyers looking for homes priced over 700,000 pounds ($920,000) include Clifton, Cotham, Redland and Abbots Leigh, said Amanda Ake, the Bristol regional director for Stacks Property Search.
Who Buys in the Bristol Area
About 40 percent of buyers in the area are from abroad, Ms. Ake said, but more than half of those are British expatriates who have decided to return to the country. “Some just see the weak pound as an opportunity to invest and use the money made to boost income or fund their retirement,” she said.
Americans buying in Bristol tend to prefer Clifton, an upscale area known for its Victorian and Georgian architecture, she said.
Buying Basics
There are no restrictions on foreign buyers in England. But it can be hard for them to obtain a mortgage if they don’t have easily verified income, Ms. Ake said, noting that the interest rates they pay are typically higher than those paid by domestic buyers.
If you are interested in buying a property in Bristol and Somerset, please contact Amanda / +44(0)7974 809624 / amandaake@stacks.co.uk
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