Robert O’Brien, Director, on how Vorto can help International clients who are purchasing property in the UK
British property remains an attractive investment for people in China, and thousands of buying enquiries for property in UK cities are being submitted each month according to a report released in 2018 by to the country’s biggest international property website, Juwai.com. Enquires aren’t just for properties in the capital London either, with the cities of Manchester, Liverpool, Birmingham and Edinburgh also getting attention from international buyers.
The report observed that a property offers Chinese buyers the opportunity to “provide for their children an international education” at UK universities, while second homes in London are popular with wealthier buyers.
Any overseas investor is able to buy a property in the UK. You do not need to hold a UK passport. As a mature, services-oriented economy, the UK offers a diverse range of opportunities that have so far yielded robust returns for Chinese investors.
Increased personal wealth in China has led to a surge in foreign investment across the world, with Chinese nationals keen to put their money to work abroad. While for a long time the developing world has been a key destination for this, Chinese investment has also been flowing into developed countries, including the UK. Brexit uncertainty added to the UK’s suitability for Chinese investment. In 2017 alone, £5BN was sunk in to the UK economy.
Vorto Trading have a Chinese trading desk designed specifically to work with Chinese nationals in need of foreign exchange facilities. Our team are Mandarin speaking and able to help. We have exceptional local knowledge in both the UK and China and with offices in both London and Shanghai we are well equipped to manage any money transfer needs our clients may have.