{"id":17053,"date":"2017-06-21T16:05:39","date_gmt":"2017-06-21T15:05:39","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053"},"modified":"2018-11-21T15:32:59","modified_gmt":"2018-11-21T14:32:59","slug":"uks-property-market-overwhelmed-foreign-investment","status":"publish","type":"page","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053","title":{"rendered":"The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6"},"content":{"rendered":"<p class=\"selectionShareable\">An investigation by\u00c2\u00a0<em>The Times<\/em>\u00c2\u00a0suggests that foreign investment in the UK property market is making it more difficult for Britain\u00e2\u20ac\u2122s first time buyers to step onto the property market.<\/p>\n<p>London&#8217;s Battersea Power Station Development faced heavy criticism when it was discovered that 865 flats in the first phase of the redevelopment were sold to overseas buyers. Consequently, the second phase of 254 homes was marketed only in London, but the third phase of 539 homes saw campaigns targeting Beijing, Tokyo and Kuala Lumpar as well as New York and Los Angeles.<\/p>\n<p>April\u00e2\u20ac\u2122s news that London\u00e2\u20ac\u2122s house price growth is the second lowest across England and Wales may well encourage the investment of overseas money in property away from London. \u00c2\u00a0High-end properties in the most expensive London boroughs saw the smallest annual increase, at 0.3 per cent, whilst the lower end of the market has so far seen annual growth of 4 per cent.<\/p>\n<p>In Manchester, at a housing development of 282 flats, over 93 per cent of properties have been purchased by foreign residents or overseas registered companies originating from eighteen different countries, including Azerbaijan, Japan, Zimbabwe and China.\u00c2\u00a0 Only two of the flats are lived in by their British owners, with the rest either empty or occupied by tenants.<\/p>\n<p>The announcement of the Brexit vote brought with it a surge of new interest from overseas buyers, hoping to cash in on a deflated pound while at the same time cashing in on the rising value of property. Asian buyers, in particular, have been incentivised by destabilised financial markets, and the\u00c2\u00a0<em>Financial Times<\/em>\u00c2\u00a0estimated earlier this year that around \u00c2\u00a34.5 billion of live equity was targeting London from Hong Kong investors, who were not affected by the capital controls of China.<\/p>\n<p>In March, the\u00c2\u00a0<em>Sunday Telegraph<\/em>\u00c2\u00a0shared research by\u00c2\u00a0<em>Savills<\/em>, which showed that Middle and Far Eastern buyers invested around \u00c2\u00a31.9 billion in regional property in 2016. The report attributed nearly one third of all investment in the UK&#8217;s commercial property market to foreign investment, with 80 per cent of Edinburgh&#8217;s commercial property investment coming from overseas.<\/p>\n<p>For property advice in London, Manchester and elsewhere in England and Wales, contact us at <a href=\"http:\/\/www.propertysurveying.co.uk\/INDEX\/INDEX1.html\">PropertySurveying.co.uk<\/a><\/p>\n<h2><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>An investigation by\u00c2\u00a0The Times\u00c2\u00a0suggests that foreign investment in the UK property market is making it more difficult for Britain\u00e2\u20ac\u2122s first time buyers to step onto the property market. London&#8217;s Battersea Power Station Development faced heavy criticism when it was discovered that 865 flats in the first phase of the redevelopment were sold to overseas buyers. &hellip; <a href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"folder":[557,556],"class_list":["post-17053","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6 - Property Surveying NEWSLETTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6 - Property Surveying NEWSLETTER\" \/>\n<meta property=\"og:description\" content=\"An investigation by\u00c2\u00a0The Times\u00c2\u00a0suggests that foreign investment in the UK property market is making it more difficult for Britain\u00e2\u20ac\u2122s first time buyers to step onto the property market. London&#8217;s Battersea Power Station Development faced heavy criticism when it was discovered that 865 flats in the first phase of the redevelopment were sold to overseas buyers. &hellip; Continue reading &quot;The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053\" \/>\n<meta property=\"og:site_name\" content=\"Property Surveying NEWSLETTER\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertySurveying\" \/>\n<meta property=\"article:modified_time\" content=\"2018-11-21T14:32:59+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=17053\",\"url\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=17053\",\"name\":\"The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6 - Property Surveying NEWSLETTER\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#website\"},\"datePublished\":\"2017-06-21T15:05:39+00:00\",\"dateModified\":\"2018-11-21T14:32:59+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=17053#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=17053\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=17053#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#website\",\"url\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/\",\"name\":\"Property Surveying NEWSLETTER\",\"description\":\"The NEWSLETTER\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#organization\",\"name\":\"Property Surveying NEWSLETTER\",\"url\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/wp-content\\\/uploads\\\/cropped-property-surveying-logo-for-newsletter-body-1.png\",\"contentUrl\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/wp-content\\\/uploads\\\/cropped-property-surveying-logo-for-newsletter-body-1.png\",\"width\":240,\"height\":50,\"caption\":\"Property Surveying NEWSLETTER\"},\"image\":{\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/PropertySurveying\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6 - Property Surveying NEWSLETTER","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053","og_locale":"en_GB","og_type":"article","og_title":"The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6 - Property Surveying NEWSLETTER","og_description":"An investigation by\u00c2\u00a0The Times\u00c2\u00a0suggests that foreign investment in the UK property market is making it more difficult for Britain\u00e2\u20ac\u2122s first time buyers to step onto the property market. London&#8217;s Battersea Power Station Development faced heavy criticism when it was discovered that 865 flats in the first phase of the redevelopment were sold to overseas buyers. &hellip; Continue reading \"The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6\"","og_url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053","og_site_name":"Property Surveying NEWSLETTER","article_publisher":"https:\/\/www.facebook.com\/PropertySurveying","article_modified_time":"2018-11-21T14:32:59+00:00","twitter_misc":{"Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053","url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053","name":"The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6 - Property Surveying NEWSLETTER","isPartOf":{"@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#website"},"datePublished":"2017-06-21T15:05:39+00:00","dateModified":"2018-11-21T14:32:59+00:00","breadcrumb":{"@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=17053#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertysurveying.co.uk\/newsletter\/"},{"@type":"ListItem","position":2,"name":"The UK\u00e2\u20ac\u2122s property market is being overwhelmed by foreign investment \u00e2\u20ac\u00a6"}]},{"@type":"WebSite","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#website","url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/","name":"Property Surveying NEWSLETTER","description":"The NEWSLETTER","publisher":{"@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#organization","name":"Property Surveying NEWSLETTER","url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#\/schema\/logo\/image\/","url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/cropped-property-surveying-logo-for-newsletter-body-1.png","contentUrl":"https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/cropped-property-surveying-logo-for-newsletter-body-1.png","width":240,"height":50,"caption":"Property Surveying NEWSLETTER"},"image":{"@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PropertySurveying"]}]}},"_links":{"self":[{"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/pages\/17053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17053"}],"version-history":[{"count":0,"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/pages\/17053\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17053"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=%2Fwp%2Fv2%2Ffolder&post=17053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}