When buying property overseas in the UK, should you invest in London or Manchester? Is there any company that can provide an assessment?

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UK Real Estate Investment Lute Asset pointed out that the UK has always been a hot investment destination that many investors love. Not only because British real estate investment has many advantages, such as long property rights and corresponding tax incentives for overseas buyers, but also because the UK has world-leading educational resources, profound cultural heritage, and rapid development of technological innovation.

So, which British city is more worth investing in buying a house in the UK? London or Manchester? Next, the editor of Lute Asset will introduce you to London and Manchester in the UK!

First, let’s take a look at London.

London is the political, economic, cultural and financial center of the UK and a world-famous tourist destination. As a diversified metropolis, London’s residents come from all over the world and are a city of race, religion and culture. A melting pot city of cultures. With a permanent population of over 8.6 million, it is the most populous city in Europe. It is understood that data show that there are nearly 290,000 millionaires and 4,400 multi-millionaires living here. Among London's 1.8 million tenants, more than 70,000 tenants have an income of more than ￡100,000.

In addition, in addition to these soft power and data, which have firmly established London as one of the world's top investment choices, there are also the following factors that make investors flock to it. Namely:

①The London real estate market is stable and can stand the test of time. It is understood that a statistical report from an international authoritative organization shows that the average annual net return rate of London real estate in the past ten years is 9.4, of which the income from rising house prices is approximately 6.4, and the net rental income is approximately 3.0. In the seventy years after the Second World War, the average annual net return on London real estate was stable between 7 and 10. The average return for decades exceeded the rates of stocks, bonds and inflation.

② The urban population continues to grow, and the demand for real estate is quite strong and the supply exceeds supply. British officials predict that London's total population will reach 9.4 million by 2020. By 2029, London's total population will exceed 10 million. According to statistics from the London City Government, from 1980 to the present, the average annual supply of new homes in London has generally hovered at 16,000 units, but the annual demand has remained at least 52,000 units for a long time. It is estimated that the housing shortage in London will reach 360,000 units in the next two decades. The long-term shortage of supply will lead to a sustained and steady rise in London housing prices.

③The level of international education is at the forefront of the world. London has more international universities than the United States, Canada and France combined. Among the 200 most international universities in the world published by Times Higher Education in 2016, 15 universities in London alone were shortlisted. With nearly 43 universities, London has arguably the highest concentration of higher education in Europe.

④The developed tourism industry has boosted the prosperity of London’s rental market. It is understood that London’s annual international tourists account for a very high proportion of the world’s international tourists. According to a survey, cultural tourists spend about 7.3 billion pounds every year, creating an output value of nearly 3.2 billion pounds for the British economy and creating about 80,000 jobs. It is reported that as early as 2016, London had surpassed New York and became the city with the second largest number of Airbnbs in the world. The prosperity of tourism is bound to drive the booming development of the short-term rental market. The vacancy rate in London is still extremely low.

Secondly, let’s take a look at Manchester.

Manchester is the second most prosperous city in the UK, with a population of about 510,000. It is one of the earliest industrialized cities in the world and is also an important transportation hub, business, finance, industry and culture in the UK. center. At the beginning of the 19th century, Manchester relied on the rapid development of the textile and manufacturing industries to become the center of the Industrial Revolution and the largest industrial city in the world. It also gave birth to two of the world's top football teams, Manchester City and Manchester United.

At the same time, it is also the largest student city in Europe.

The reason why Manchester has become the "new favorite" in the eyes of many investors is because Manchester's real estate has a relatively lower entry threshold than London, but it has the same promising development prospects and Appreciation potential. According to the predictions of authoritative British media, Manchester is very likely to become a central city leading the British real estate market in the next ten years.

So, what are the advantages of Manchester? The main ones are:

① As the second largest economy in the UK, Manchester’s strength cannot be underestimated. Manchester is home to many world-renowned companies. Nearly 80% of the top 100 companies in the UK's FTSE Index have chosen to set up their headquarters in Manchester. Among them, it covers the Media City established by the latest media company headquarters (BBC) introduced to Manchester, the latest technology, media and financial urban areas jointly created by the Hong Kong-Shanghai Bank, Google and Slater Gordon.

② Manchester’s population growth is strong, which has stimulated the demand for real estate. According to forecasts by the British City Hall, the population of the Manchester region may reach 625,000 people in 2025. Strong population growth is bound to further stimulate demand for housing in Manchester.

③Manchester has outstanding educational resources and a large student base, which has also contributed to the demand for real estate. Manchester can be said to have the largest number of students in the UK. This is probably due to the fact that the University of Manchester, which has the largest campus in the UK, is located here. The large student population also guarantees the long-term development of Manchester’s real estate rental market to a certain extent.

This is where we introduce the relevant issues about overseas property purchase in the UK. The above answers are for your reference. We hope they can help you. You are welcome to like us and follow us. Thank you.