Property News · May 20, 2020

Foreign buyers are changing their preferences in UK housing market as pandemic stokes recession risks


Overseas investors are going for completed units in tried-and-tested locations in the UK residential market, avoiding those under construction because of the threat of economic recession, some analysts said.The trend is particularly evident in London and homebuilders are recognising the shift in the time of coronavirus pandemic by recalibrating their plans to suit the market appetite and behaviour, they added.“The proportion of buyers looking for completed units has increased to nearly half of…

Source : South China Morning Post
Read more…Foreign buyers are changing their preferences in UK housing market as pandemic stokes recession risks

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