THE KEY FACTS ABOUT THE UNITED KINGDOM - ENGLAND, NORTHERN IRELAND SCOTLAND & WALES
| Expert Investment Rating. | ||
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Rentability |
We high housing cost, good quality rental property are in high demand |
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Capital Appreciation |
2-4 year plan to maximize appreciation |
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Long term rating |
Fantastic local demand in almost all areas of UK, and in specialist areas |
| British Map, National Flag and Typical Properties. | |||
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| Useful Information: | |
| Time Difference: 0 GMT | Currency: British Pound (£) |
| Flying Time: 0 Hours | Visa Required: 90 days as holiday makers |
| Major Airports: London Heathrow, London Gatwick, London Stanstead, Birmingham,Bristol, Southampton, Manchester, Edinburgh, Glasgow | Work Visa Required: Yes |
| Dialing Code: 044 | Electricity: 240V/50Hz |
Country History
As the dominant industrial and maritime power of the 19th century, the United Kingdom of Great Britain and Ireland played a leading role in developing parliamentary democracy and in advancing literature and science. At its zenith, the British Empire stretched over one-fourth of the earth's surface. The first half of the 20th century saw the UK's strength seriously depleted in two World Wars and the Irish republic withdraw from the union. The second half witnessed the dismantling of the Empire and the UK rebuilding itself into a modern and prosperous European nation. As one of five permanent members of the UN Security Council, a founding member of NATO, and of the Commonwealth, the UK pursues a global approach to foreign policy; it currently is weighing the degree of its integration with continental Europe. A member of the EU, it chose to remain outside the Economic and Monetary Union for the time being. Constitutional reform is also a significant issue in the UK. The Scottish Parliament, the National Assembly for Wales, and the Northern Ireland Assembly were established in 1999, but the latter is suspended due to wrangling over the peace process.
British's Facts
Location: Western Europe, islands including the northern one-sixth of the island of Ireland between the North Atlantic Ocean and the North Sea, northwest of France
Capital City: London
Land Area: total: 244,820 sq km land: 241,590 sq km water: 3,230 sq km note: includes Rockall and Shetland Islands
Coastline: 12,429 km
Climate: temperate; moderated by prevailing southwest winds over the North Atlantic Current; more than one-half of the days are overcast
Terrain: mostly rugged hills and low mountains; level to rolling plains in east and southeast
Environmental Issues to consider: continues to reduce greenhouse gas emissions (has met Kyoto Protocol target of a 12.5% reduction from 1990 levels and intends to meet the legally binding target and move toward a domestic goal of a 20% cut in emissions by 2010); by 2005 the government reduced the amount of industrial and commercial waste disposed of in landfill sites to 85% of 1998 levels and recycled or composted at least 25% of household waste, increasing to 33% by 2015
Legal System: based on civil law system; accepts compulsory ICJ jurisdiction with reservations
Population: 60,776,238 (July 2007 est.)
Government Type: constitutional monarchy
Legal System: common law tradition with early Roman and modern continental influences; has nonbinding judicial review of Acts of Parliament under the Human Rights Act of 1998; accepts compulsory ICJ jurisdiction, with reservations
GDP: $1.93 trillion (2006 est.) GDP Growth Rate 2.8% (2006 est.) GDP - per capita $31,800 (2006 est.) Inflation Rate: 3% (2006 est.)
Economy - Overview
The UK, a leading trading power and financial center, is one of the quintet of trillion dollar economies of Western Europe. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil reserves; primary energy production accounts for 10% of GDP, one of the highest shares of any industrial nation. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. GDP growth slipped in 2001-03 as the global downturn, the high value of the pound, and the bursting of the "new economy" bubble hurt manufacturing and exports. Output recovered in 2004, to 3.2% growth, then slowed to 1.7% in 2005 and 2.7% in 2006. The economy is one of the strongest in Europe; inflation, interest rates, and unemployment remain low. The relatively good economic performance has complicated Gordan Brown government's efforts to make a case for Britain to join the European Economic and Monetary Union (EMU). Critics point out that the economy is doing well outside of EMU, and public opinion polls show a majority of Britons are opposed to the euro. Meantime, the government has been speeding up the improvement of education, transport, and health services, at a cost in higher taxes and a widening public deficit. All this has only fueled ever increasing market for overseas and domestic rental properties in almost all worldwide countries, it is estimated that 2.1 million people will leave the UK to live there dream life in there overseas properties in just 6 years. major markets are Spain, France, Portugal, Florida and Bulgaria. Typical house price increases at 27% per annum
For UK the following facts apply:-
Why Buy In UK?
UK
Consistent Upward Trend in Property PricesProperty prices ,
Increasing TourismThe UK has high demand for housing particularly in the South East and Some areas of Scotland. The british isles has a very aXXXXXXXXXXXXXXXXXXXXXXXX
Major Increase Local Demand Consumer Confidence