—
The UK has long been an appealing option for investors from Hong Kong, but in recent months, there has been a surge in demand for properties. London remains the most popular and sought-after location for Hong Kong buyers, but other areas, including cities in the North West, are attracting attention. There has been an increase in investment in other major cities in 2020, including Birmingham, Liverpool and Manchester.The UK may only just be getting back on its feet following the COVID-19 lockdown, but this doesn’t seem to have dampened enthusiasm for buying property in the UK among investors from Hong Kong. The virus peaked much earlier in Hong Kong and China, and as such, many were eager to continue with plans to purchase buy-to-let properties and invest in new developments. There are also ongoing political tensions between Hong Kong and China, which have contributed to growing interest in the UK property market. The government has extended offers to citizens in Hong Kong to enable them to relocate to the UK, and this is likely to further enhance the appeal of buying in Britain.
There is no doubt that COVID-19 has rocked the world. Many may have feared a significant downturn in property prices and demand for houses and apartments. The good news for UK developers and investors from Hong Kong is that the market is already showing signs of a robust recovery. The Heaton Group has been inundated with calls from tenants hoping to find new homes and investors looking to snap up incredible opportunities in the North West, including the prestigious flagship development, Bishopgate Gardens in Preston.
The appeal of the UK
Property investors all over the world take an interest in buying in the UK. The economy is strong, the business environment is exciting and the tax system offers competitive rates for buyers from abroad. For those living in Hong Kong, the exchange rate is also favourable. It is likely that the UK will become an increasingly attractive option for citizens in Hong Kong looking to buy property as a result of recent political unrest. There have been months of protests in Hong Kong and instability contributes to uncertainty in the property market. For those who may have been considering buying in Hong Kong, the UK may now emerge as a leading contender. There is also a history of positive relationships between Hong Kong and the UK. At present, interest rates set out by the Bank of England are also incredibly low. With a stamp duty increase planned for 2021, it makes financial sense to buy now.
About The Heaton Group
The Heaton Group is a family-run property development agency based in the North West of England. With over 45 years of experience in the industry, The Heaton Group works with tenants, buyers and investors from all over the world, helping those looking for a home or an investment opportunity to find the perfect property.
Anyone who wishes to find out more about The Heaton Group and investment properties in the North West is advised to make use of the contact details provided below:
Business name: The Heaton Group
Website: https://www.heatongroup.co.uk/
Press contact name: Dan Akister
Press contact address: 2-4 Wigan Road, Hindley, Greater Manchester
Press contact telephone number: 01942 251945
Press contact email: marketing@heatongroup.co.uk
Contact Info:
Name: Dan Akister
Email: Send Email
Organization: The Heaton Group
Address: 2-4 Wigan Road, Hindley, Greater Manchester
Phone: 1942 251945
Website: https://www.heatongroup.co.uk/
Release ID: 88968389
Google
RSS