HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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The number of applications from China and Hong Kong rose from more than 17,000 last year to 21,000 this year. Student tenants are increasingly an important group for the property market.
Those with BN(O) status and their eligible family members will be able to come to the UK to live, study and work. After five years in the UK, they will be able to apply for settlement, followed by British citizenship after a further 12 months.
Hong Kong properties are among the most expensive in the world. While a 188-square-feet parking space costs HK$5.18M (£518,000 as of 20 June 2017) here, with the same amount of money, you could buy three or four reasonable size city centre properties in the United Kingdom.
When Investing in real estate in the UK, many will question which UK cities are the best to invest in and what taxes are involved? In an interview, our director, Charles Wong, pointed out that the rate of return is usually inversely proportional to the "centre" of the region, meaning that the closer to the city centre, the lower the rate of return.
Manchester and Birmingham set for faster growth than rest of the country as property value rises in northern England.