Singapore buyers driving foreign purchases
Singaporean buyers are having a big impact on housing market activity in the UK, as they sit on a property portfolio worth £5.8 billion in London alone.
Singaporean buyers are having a big impact on housing market activity in the UK, as they sit on a property portfolio worth £5.8 billion in London alone.
As such, the property sector must get ready to embrace remote forms of investing, which could help harness international investment flows at a greater scale, ultimately eliminating geographical boundaries.
Across the world property markets continued to perform well in the second quarter of the year, surprising agents Knight Frank.
There’s growing evidence that investors based in Hong Kong, Singapore and Taiwan are showing more of an appetite for UK property.
Hong Kong nationals are having a big impact on the London housing market after the UK government handed them an olive branch two years ago.
Globally there are 1,890 homes listed for sale above the £10m mark, with London accounting for 16.8% of the market with 317 properties.
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