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UK buyers eager to join Boston’s homeowner ranks

by Stephanie Sims and Natalie Terchek

An international city with broad appeal in terms of education and job opportunities, Boston is an attractive destination for foreign buyers who want to relocate to the United States. A new study shows that its desirability is increasing among buyers from a certain country: the United Kingdom.

From March 2016 to April 2017, nearly 14 percent of international buyers who were searching for pre-construction investment properties in the United States came from the United Kingdom, which ranked third only behind China and Colombia, according to Investorist.

The report found that U.K. investors in Boston are particularly interested in single-family homes of about $700,000 to $800,000. The link between the two locations goes back to colonial days — settled by Puritan colonists in 1630, Boston was named after a town in the English county of Lincolnshire.

“The ever-popular Fanueil Hall is also one of Boston’s many buildings done in a British style, with the 19th century center of the city having a very British appeal to it,” Investorist explained. “Never mind the abundance of properties close to schools and public transportation, which historically give out the best returns on investment and inherent positive cash flows.”

Investors from the U.K. are especially attracted to certain areas with strong Anglo communities; markets with long-term rental opportunities; the opportunity for diverse investment portfolios; and economic indicators like low interest rates, low inflation and a thriving economy.

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