Saturday, 27 May 2017

Brexit won’t stop Asia from investing in the UK

BREXIT

LONDON: For most Asian property investor, the UK has been one of the most desirable additions to their portfolio and according to the latest figures, this isn’t going to change any time soon. Research from property investment firm JLL reveals that neither the Brexit uncertainty nor the somewhat rushed snap General Election are having an impact on Asian property investors. If anything, Asian investors are now more present in the market than ever before. The research also states that Asian investors accounted for a total of 28% of UK property transactions in 2016, a significant increase from 17% the year prior.

The trend of Asian investors looking for property in the UK is most certainly no new development. London especially has had a high level of interest from Asia for years. The UK property market and London in particular is of special interest to those Asian families who have had links to the country  or city – for decades. For most of those investors, London will remain London, despite any Brexit uncertainty or election fears. The rest have shifted their focus. Away from London as they were less sure about the fact that the city will always remain desirable. The demand and interest from Asia for UK property alone has been a driving factor for many to expand into the market. The way they buy property is another one.

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