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Where is the best place to buy a house in the UK?
London is your first choice! ! ! ! !
London has always had strong investment attractiveness and has continued to be a focus city for investment. In 2016, the amount of foreign investment attracted by Europe was 1.3 times that of Asia and 1.8 times that of North America. Among them, the United Kingdom accounted for Europe’s 1.3 times. 25%, London accounts for 37% of the UK, which is evident.
London has always been ranked first as the world's favorite city for the rich. One-third of property buyers in central London come from overseas. Therefore, London real estate is also a city that is very popular with overseas buyers. Examples such as Li Ka-shing investing tens of billions of pounds in London and Zhang Songqiao investing billions in London are common. According to Savills statistics, more than half of prime london properties in London are bought by overseas buyers, and most of them are Chinese buyers.
Overseas buyers tend to prefer London properties because the UK’s real estate policy fundamentals have many advantages. For example, freehold property rights, fine decoration with home appliances and no shares, no foreign property tax, low loan interest rates (the lowest annual interest rate can be 1.69%, and you can only repay the principal without interest), and London's transparent and mature real estate transaction system also allows With good endorsement.
Due to London’s urban gravity, London’s rigid housing has been in short supply. From June 2018 to June 2019, the number of newly built properties was approximately 174,000, which is still far lower than the government’s target. Target of 300,000 new homes per year. Demand is greater than supply, which is why home prices and rents are also rising every year.
Birmingham is closer to London, taking 1 hour and 20 minutes by train. The latest British high-speed rail line 2, which is under construction, consists of three parts, namely the London-Birmingham section; the Birmingham-Manchester section; and the Birmingham-Leeds section.
When all are opened by then, the time spent from Birmingham, Manchester to London will be greatly reduced.
Birmingham has five universities, of which the University of Birmingham and Aston University are both ranked in the top 400 of the QS World University Rankings. It is also the largest "university town" in the UK outside London. The gathering of high-quality colleges has brought a large number of young people, injecting a steady stream of fresh blood into the city. Among them, the University of Birmingham has trained 11 Nobel Prize winners. In addition to transportation and educational resources, these two cities are also constantly attracting large companies to settle in.
In Manchester, the Media City, which cost 650 million pounds to build, gathers more than 200 large media and creative companies, including the BBC headquarters. E-commerce giant Amazon is set to open its first hotel in Manchester later this year. 80 of the FTSE 100 companies have settled in Manchester. The employment growth rate from 1998 to 2015 was as high as 84%, and the city center population increased by 149% from 2002 to 2015.
Birmingham is surrounded by the HS2 high-speed rail station, Fortune 500 companies, large international airports, and prestigious universities. It has also attracted 45,000 companies to settle in, such as PricewaterhouseCoopers, HSBC and British Taxation. and HMRC are all moving significant resources to the region. In addition, it also has the largest legal services group in Europe, the largest accounting services group outside London and the world's high-end manufacturers such as Jaguar Land Rover, Rolls-Royce, Aston Martin, etc.
In the past five years, Birmingham's house prices have grown by as much as 30%. Last year, Birmingham's house price growth exceeded that of the rest of the UK, with an annual growth rate of 8.6%.
The presence of enterprises not only benefits the local economy, but also brings demand for talents and housing. When Line 2 is completed, both areas will benefit from shorter journey times to London, which will attract more commuters.
The rental demand in Manchester, Birmingham and Reading is very strong, and house prices are much lower than in London. They are treasure places for housing to support education and purchase property for investment.
Taking Manchester as an example, the current average house price is 240,000 pounds (the average house price in London is 918,000 pounds), and the monthly rent reaches 1,154 pounds. Therefore, rental yields in Manchester are generally higher, at 5%.
UK Lansha Real Estate
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