EXCLUSIVE: Thai property buyers and investors now have more reasons to consider London property investments.
Earlier this year, and as exclusively reported by ThailandProperty.News, prolific British property developer Berkeley Home became the first U.K. developer to open a full-time office and property showcase in Bangkok at the St. Regis Hotel.
Now, it has become what is believed to be the first high-end London property developer to offer its investors guaranteed rental returns alongside its property purchases.
Guaranteed returns, often as much as 10 percent per annum for five years, are commonplace in Thailand, and in the U.K., they are occasionally offered for low-priced investments.
Berkeley Homes, in its latest email marketing campaign, is offering 6 percent guaranteed rental yields from completion for 18 months at its Woodberry Down project in the Finsbury Park area of North London.
Prices at this development start from £ 745,000, equal to THB 33.2 million.
ThailandProperty.News is not aware of any Thailand-based project at this price level offering guaranteed returns, but stand to be corrected.
Research indicates that current rental yields in the N4 postcode in London are between 3.5 percent and 4.5 percent, so upon expiry the guaranteed rentals should not be too different from once that can be realistically expected.