UK based overseas property website homesgofast.com is 5 years old this month. To celebrate, the portal has launched a fresh colourful redesign.
homesgofast.com CEO, Nick Marr, told propertyportalwatch.com that as a result of more demand from overseas buyers seeking property in the UK for investment the company has also increased its UK property section: “Notably enquiries for UK property are increasing by some 60% on last year; bargain hunters are from India and Dubai buyers”.
Looking back over the short history of his property portal, Nick says:
“Looking over the last 5 years I would say the global slowdown has presented to us the most opportunities. Larger companies that may not have worked with us before are sharing revenue opportunities and the theme of mutually beneficial alliances seems to be in vogue. Overseas buyers in this time have become more savvy with a wealth of information available. The type of overseas property buyers has changed since 2004 – then we saw the majority of buyers as life style buyers (retirement second home etc), we now see more serious investors seeking better the returns than from banks and stocks. Investors come again and again and are quicker at making the decision to buy, so this has been of benefit to us.”
Nick also says that investment opportunities have changed, to become more complex, growing from guaranteed rental returns, to developer buy back schemes, longer payment plans and numerous other incentives. The use of escrow services has increased and in some regions it has helped with investor confidence.
homesgofast.com lists over 150,000 properties for sale from around the world (divided by UK and overseas), alongside real estate information, news and articles covering 70 countries.
A recent list of the top 100 global property portals by globaledge.co.uk placed homesgofast.com at number 19.