Always a pleasure to be interviewed by The Standard, Hong Kong's leading English newspaper. Today's article looked at countries where house prices have stayed relatively strong during economic downturns. Very glad to see that the UK continues to be amongst the world's top performers!
Read the article in full here.
(Extract from The Standard)
Overseas Property | 31 Jul 2020
With the current global recession, investors are zeroing in on secure places where home values are less likely to be severely impacted. While long-time favorites like New York, Sydney, Melbourne and London are maintaining their strong appeals, upcoming destinations like Lisbon have also launched incentives to attract foreign investments.
The United Kingdom
In the realm of real estate, the UK market has been generating sustained, long-term growth for global investors. James Thomas, Director of Invest and Consult Ltd, points to two major factors that support its popularity.
“In terms of security, Britain’s free market economy is the sixth-largest national economy in the world and the third-largest in Europe. Its diversified economic pillars and labor market, spanning multiple industries, continue to fuel the property market,” he says. In addition to the internationally recognized status of the pound sterling as a ‘safe haven’ currency, he also points out the UK boasts a clear and comprehensive legal system, where “the British law is often regarded as the best in the world”.
Commenting on the quality of life, Thomas underscores Britain’s extensive and well-funded education sector. With more than 500,000 international students enrolling each year, it is one of the most popular destinations for studying abroad. Its higher education degrees and qualifications are recognized by employers and academics worldwide.
“The four countries of the UK – England, Scotland, Northern Ireland, and Wales – constitute multicultural, cosmopolitan cities that offer a rich variety of cultures, languages and faiths,” he adds. “The robust transport links facilitate connection with different parts of the country. In London alone, there are five international airports providing instant, swift connections to mainland Europe.”
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