HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Of 18 areas we looked at, the best value for those wanting to rent is Chatham, on the Medway estuary in North Kent. For those wanting to buy a two to three bedroom house or flat, Chatham also turns out to be the most affordable.
Hong Kong residents are buying more houses and apartments to lease out for income in Britain, and have became the fifth largest foreign investors in central London as of last August, driving up prices in some popular districts outside the UK capital.
Tourists from Hong Kong and mainland China have started a trend. As London becomes too costly, Manchester – beneficiary of “northshoring” – has emerged as an attractive destination.
* On track for best weekly gains since March
* Trade-weighted sterling hits four-week high
* BoE says rate rise chances have risen
New research has found that as cities such as Manchester, Birmingham, Nottingham and Edinburgh develop their travel network, house prices in the immediate areas increase, with an emphasis on growing tram links.