About United Kingdom Birmingham Why invest in UK |
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| United Kingdom, UK Real Estate Property Market Separated from the European continent by the North Sea and English Channel, the United Kingdom (informally referred to as Britain) includes England, Scotland, Wales, and Northern Ireland. England and Wales were united in 1536. The addition of Scotland |
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| in 1707 created Great Britain, renamed the United Kingdom in 1801 when Ireland was added. The Republic of Ireland fought itself free of British rule in 1922, leaving volatile Northern Ireland as a province of the United Kingdom. About 55 percent of Northern Ireland's 1.6 million people trace their ancestry to Scotland or England, are Protestants, and favor continued union with Britain; however, many of the Roman Catholic |
| population (44 percent) want to join the Republic of Ireland. England is the most populous part of the U.K., with 49 million inhabitants. Almost one third of England's people live in the prosperous southeastern part of the country centered on London one of the largest cities in Europe. Scotland, with one third of Britain's area, is a mountainous land with 5 million people, most of them (75 percent) concentrated in the lowland area where Glasgow and Edinburgh (Scotland's capital) are located. The Scottish nation can be traced to the Scoti, a Gaelic-speaking Celtic tribe. Wales, with 2.9 million people, is also mountainous with a Celtic culture the country is called Cymru (pronounced CUM-ree) in the Welsh language and its capital, Cardiff, features castles and museums highlighting Welsh culture. Since 1997 the government has been pursuing a policy of devolution, leading in 1999 to an elected Scottish parliament and Welsh assembly. In 2000 Londoners elected their first mayor and assembly. The UK is a leading trading power and financial centre, and one of the quartets of trillion dollar economies of Western Europe. With the economy being one of the strongest in Europe, the UK property market has consistently remained a sound long term investment throughout the last 30 years. Whether the UK housing market booms or goes bust is as about as hot a conversation topic as ever. Not surprisingly, for millions of Britons their property is not just a roof over their heads, but a passport to financial security and even a pension. However, in the last 5 years, off-plan property investment has consistently out performed the stock market and other forms of investment by phenomenal levels. With strong demand and short supply, the UK real estate property market looks set for good returns over the next 5 to 10 years with no signs of slowing down. |