UK Investment Properies Market Looks to Buy Abroad in Next Two Years

A new Government released survey found that 2.3 million British people are already owners of a property overseas, with over 3 million people likely to buy abroad in the next two years. With the UK credit crisis tightening its grip, high UK property prices and a worsening lending situation mean that Brits are finding it more and more difficult to purchase real estate in their own country, and are therefore looking elsewhere for both second homes and investment properties. "British buyers are becoming increasingly disillusioned with the market in the UK and this has the knock-on effect of turning their thoughts to buying abroad instead. Overseas bargains become more appealing at times like this and people are beginning to realize that there is investment potential out there, it just may not currently be on their doorstep." said Beth Collingz, overseas sales director, PLC International Marketing Networks and lead marketing partners for Pacific Concord Properties Lancaster brand of apart-hotel or condotel investments in the Philippines.

Pacific Concord Properties Lancaster Condotel developments have been accepted as property investment projects in the UK SBQ property and Land SIPP portfolio after extensive research provided through an independent firm of Business Management and Marketing Consultants with all due diligence completed by independent UK Solicitors. Collingz said the UK based SBQ Property and Land SIPP [Self Invested Pension Plan] portfolio handled by UK based marketing partners Graham Stuart and Associates, is a low cost tax efficient structure that has been designed for those people who want to take control of their pension savings and are looking for a strategy that will generate an income any time after the age of 55. Graham Stuart of Graham Stuart and Associates, based in Bolton UK said SBQ Property and Land SIPP portfolio now includes Philippine Condo Hotel rental income properties within its allowable framework as accepted investments in the [SIPP] Self-Invested Personal Pension Plans. It's a tax efficient pension strategy for UK investors in Philippine condotel investments for entrepreneurial minds said Collingz.

Stuart said some of the benefits of the SIPP is you can transfer any of your current or paid up private pension funds, including Small Self Administered Schemes [SASS] into the SIPP. You can have a SIPP as well as contribute to your Company pension fund. If you are self employed you can invest up tom 100% of your earnings [up to GBP andpound;225,000.00] into to SIPP. On every contribution you make to your SIPP we will reclaim 20% from the Inland Revenue on your behalf. Higher rate tax payers will be able to reclaim the balance through their tax return and with a SIPP you can draw an income from your personal pension fund and continue working.

With the SBQ property and Land SIPP you can also draw at least 25% of your fund as a tax free cash lump sum and leave the remainder invested until you need an income continued Stuart. If you die before using your SBQ Property and Land SIPP funds the balance can be passed to your relatives or other selected beneficiaries. Through the SBQ Property and Land SIPP you can purchase property or land assets available with the portfolio. Any remaining cash surplus [or rental income] within your SIPP will be held in an interest bearing account that generates you 6.1% interest.

The Philippines is ideal for this type of investment because a SIPP can establish title to a property in a country whose legal framework recognizes trusts - and a SIPP is simply another form of trust. "Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. While land and housing prices in the U.K. have soared astronomically in the past decade, the world real estate market is a far different story. It's still possible to buy a preconstruction Condotel suite at Lancaster - The Atrium located in Metro Manila, Philippines, from only GBP andpound;30,000.00" said Collingz.

Lancaster Manila Atrium Tower A, Shaw Boulevard, Metro Manila, Philippines is a "Full Service" Condominium Hotel ["Condotel"] offering Studio, One, Two and Three Bedroom Suites for sale with the option of enrolling their units in the Lancaster Condotel Rental Pool and earn Rental Incomes [at current purchase levels] of some 8-14% ROI per annum as Owner Non-Residents when not using their units through Condotel Management. This makes Lancaster Suites one of the Hottest investment opportunities in the Philippines.

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