Rise in Chinese interest in UK property as the pound falls. There has been a notable rise in Chinese interest in UK property post Brexit. The Pound has fallen to it’s lowest point in 30 years & Investors from China are surging into the UK property market. The fall in the pound has created opportunities [...]
UK continues to attract foreign investment, as Qatari government declares it will invest “£5bn in the UK” over next 5 years. The UK continues to attract foreign Investment; Qatar's Finance Minister pledging 5 billion pounds ($6.3 billion) of investment in Britain over the next three to fiver years. Therefore signalling a significant show of support [...]
Why Invest in the UK Property Market? Many Property Buyers are considering where to put their hard earned capital. Therefore, here we consider the key questions, so, why invest in the uk property market? Investing in UK property has been one of the most popular forms of investment in the UK for many years. Recently [...]
U.K. Property Lures Middle-East Buyers on Pound Brexit Slump U.K. Property Lures Middle-East Buyers on Pound Brexit Slump - By Jack Sidders / Bloomberg | February 7, 2017 9:24 AM MYT Middle East investors, benefiting from a weak pound and rising oil prices, increased their spending in U.K. commercial property even as Brexit prompted buyers [...]
Currency Update: Pressure on the Pound Continues Currency Update: Pressure on the Pound Continues. On the 20th March, the government has confirmed that Theresa May intends to trigger Article 50 next Wednesday, March 29th, which will be the beginning of the end of the UK's EU membership. With the triggering of article 50 now confirmed [...]
Chinese Property Investors Keep Buying UK Property Despite Brexit Recent data suggests Asian investors still have a strong appetite for investing in UK property. Despite concerns created by Brexit and the forthcoming general election. A recent report by JLL, has confirmed that Asian investors accounted for a staggering 28% of UK property transactions in 2016. A [...]
Buy to let Investment Rush The Stamp duty dead-line on the 1st of April has caused a Buy to let Investment Rush. Solicitors have been working round the clock over the Easter weekend to get transactions completed before the new tax increases. Buy to let investors have been active and have been acquiring properties at a frantic rate as agents report an increase in enquiries. There has been an uplift in the number of people wanting to move quickly to get the deals concluded before Friday’s stamp duty deadline. The Buy to let Investment Rush drove the property market demand to a 12-year high in February, consequently it was also recorded that first time buyer transactions fell during this time. Many being gazumped by cash buyers and buy to let investors quick off the mark. The latest housing market report from the National Association of Estate Agents (NAEA) showed that 85% of estate agents reported noticeable increase from buy to let investors. As the demand soared there were on average 463 houses hunters registered per branch, the highest since August 2004. The average number of agreed sales per branch completed in February, was up from the number recorded January. Less than a quarter of recorded sales were to first-time buyers in February due to the Buy to let Investment Rush. The demand was coming largely from investor buyers, which increased competition for an already stretched housing stock. NAEA managing director Mark Hayward said: “It is evident from February’s report findings that we’ve seen a real sense of urgency from landlords trying to complete on sales ahead of the stamp duty reforms.” From April 2016, the outlook should pick up for 1st time buyers, with less demand from the time pushed investor market. The new schemes available for like the Help to Buy Isa, Help to Buy scheme and the new Lifetime Isa should help the so called “generation rent” young first time buyers. These measures will stand to bridge an affordability gap. However, the crux of the problem though is that there is issue with the supply of housing stock, and until more homes are built then we will continue to see prices rising. […]
EU Referendum. Will house prices rise or fall? Will house prices rise or fall? We are now only days away from one of the biggest decisions the UK electorate have faced in recent years. To ‘Brexit’ or ‘Bremain’, That is the question. The vote on British membership of the EU has the potential to shape [...]
UK Property Market Resilient After Brexit Vote The UK property market proves resilient in the wake of the EU referendum result. The UK remains an attractive place to invest underpinned supply and demand imbalance. The Fall in the value of sterling has only increased appeal from international investors. Summary: UK property asking prices has experienced [...]
Election Result Creates Opportunity for Overseas Property Investors
Election Result Creates Opportunity for Overseas Property Investors
Hanover Square Real Estate September 10th, 2017|International Investor News, Property Market Commentary|
The UK General Election Result Creates Opportunity for Overseas Property Investors. Election Result Creates Opportunity for Overseas Property Investors, as the uncertainty of a Hung Parliament has weekend the Pound. Overseas investors who are buying in dollar pegged currencies such as in the UAE have increased buyer. James Roberts, Knight Frank's chief economist, said property [...]