The United Kingdom (U.K.)
About the U.K.
On the continent of Europe, the United Kingdom is the main island.
The United Kingdom of Great Britain and Northern Ireland generally referred to as Britain or the United Kingdom (U.K. or UK).
It comprises four countries: England, Scotland, Northern Ireland plus Wales, and several islands worldwide. With just one land boundary with Ireland, the government is surrounded by sea.
It is an independent nation of the European mainland’s northwestern coast and occupies an area of 242,900.
Its population exceeds 63 million, with more than 8 million of them in London, it’s capital. Manchester, Birmingham, Leeds, Glasgow, Portsmouth, Liverpool, Newcastle, Nottingham, Sheffield, Bristol, Belfast, Leicester, etc., are all major UK cities. English is the national spoken language, and the sterling pound is their currency. Its constitutional meaning is that of a monarchy in parliament. One of the world’s wealthiest nations, the United Kingdom plays a significant and central role in global affairs and the economy.
Real Estate In U.K.
An essential aspect of life is the buildings that make up our communities and towns, offering the areas where we live, work, study, and rest.
Real estate is a vital hallmark of the United Kingdom’s economy and is organized according to England and Scottish land law. After Germany, the real estate market in the United Kingdom is the largest or second-largest in Europe, depending on the method of measurement. The commercial real estate market in the U.K. has a market size of around 250 billion euros. Domestic real estate represented the largest non-financial asset in the U.K., with a net worth of £5.1 trillion (2014).
Foreign investments play a vital role in the U.K.’s real estate sector, especially in London, and foreign firms and individuals spent about £20 billion in U.K. real estate in 2012.
Why Choose The U.K.?
In Europe, the UK is the king in foreign investment. The U.K. is a hotbed of Europe’s foreign investment activity, presenting the investors with large business prospects. Low labor costs and high returns give it an enticing destination for investment. In terms of foreign investment in Europe, the U.K. has been successful in maintaining its top spot.
Dreaming of owning a property on this most prosperous U.K. land, Owndxb can be your most reliable companion for fulfilling your dream.