HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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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.
Victor Li Tzar-kuoi has bought a grade-A office tower in London for £1 billion (US$1.3 billion) as he embarks on an acquisition spree for overseas assets after taking control of Hong Kong conglomerate CK Group from his billionaire father Li Ka-shing.
Link Real Estate Investment Trust (Link REIT) announced that it will acquire a property valued at approximately 380 million pounds (equivalent to ~HKD3.7685 billion) in Canary Wharf, London, UK. The Cabot at 25 Cabot Square will be Link REIT's first acquisition of British assets.
Manchester and Birmingham will see rises of 20 to 30 per cent over the next three to four years, based on the shape of the regional economy and the trajectory of the current housing market cycle.
Birmingham is a city with a population of 1.2 million approximately and is known as the second city of the United Kingdom Located in the West Midlands region of England, Birmingham is considered to be the social, cultural, financial and commercial centre of the Midlands, and thus becomes a popular investment and moving destination.