Far East buyers dominate in U.K. low-cost property sector
Property buyers and investors from the Far East, most notably Hong Kong, Singapore, Malaysia and China, account for the largest group of purchasers of low-cost United Kingdom investment property, according to new research.
The data from Find UK Property showed that investors from the Far East are now one of the largest groups of overseas nationals that are buying low cost investment property in the UK outside London, accounting for more than 20 percent of all overseas investors in the sector.
The regular survey looks at non-residents U.K. residents who are looking to buy or have purchased property in the U.K. Decembers findings showed that investors from the Far East are now one of the largest groups of overseas nationals that are buying low cost investment property in the UK outside London.
Previous surveys has highlighted Africa asone of the largest areas, with many investors from countries in Central Africa dominating the sector.
Andy Noble, Senior Marketing Consultant at Find UK Property, said: Investors in the Far East see the U.K. as secure country for long-term investment, with the aim of using rental income for childrens education, their own holidays or ultimately as a pension.
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