Post by account_disabled on Dec 27, 2023 20:42:20 GMT
Mr. Frank Khan, Executive Director and Head of Residential Project Consulting, Knight Frank Thailand Company Limited, said: “The political problems within the United Kingdom are nearing an end after the signing of the Withdrawal Agreement from the European Union. This will officially come into effect on 31 January 2020. The inevitable consequence is the impact on the UK financial sector. which is the main economy of the country This is because the UK will have to pay a huge price by withdrawing from the EU.” “This period is the most suitable time for Thai people who want to invest in property in the UK or London. Whether it is an investment for speculation or for use as a residence. Because the baht continues to strengthen It has strengthened more than other currencies in many regions at this time, with the highest rate of appreciation in 6 years. At the same time, property values Prices are lower and buyers can negotiate more deals.” Graph-1-3 According to research from Knight Frank, in the year to September 2019, the average selling price in prime central London fell 3.9 percent, the lowest drop in 12 months, while in prime outer areas London fell 3.5 percent, the lowest since May 2018. However, signs of uncertainty still exist in the market.
Average house price growth across the UK remains stable. It increased 1.3 percent through September 2019, compared to the annual growth rate of 7.5 percent before the Brexit referendum. Graph-2-3 Mr. Khan added, “In 2018 - 2019, Thai investors had the highest rate of purchasing property in London. Which is considered the best option for investing. Due to the above main factors that attract Thai buyers. Including buyers from Singapore and Hong Kong who are waiting for the right time to invest in the UK and London. If we look back over the past 4-5 years when Brexit was just starting to happen. Real estate WhatsApp Number List demand In the UK, the number of Thai buyers has increased by approximately 40 - 50 percent if compared to the previous year. But demand increased up to 80 percent after the baht strengthened.” “Political uncertainty in the UK has led to a continued increase in the number of Thai buyers, especially in prime locations such as Kensington, Knightsbridge, and Holland Park. Park), Belgravia (Belgravia) and Harrods (Harrods). 60 percent bought it for their children
who come to study and another 30-40 percent bought it for speculative investment. This is down from 5 years ago when 90 percent bought it for their children's education. It is clear that international students are an important part of the real estate market.” “In addition, rental demand continues to outstrip supply in the market and drives up property prices in those areas. Because many residents have turned to renting during this period. Especially in Hammersmith. (Hammersmith) with rent between £900 - £950 per week. which increases 3 - 5% every year and has a net rental yield of 2.8 - 2.9%, while the average selling price is approximately £1.2 - £1.3 million for a 2 bedroom and £1.5 - £1.6 million for a 3 bedrooms This area is considered to be a very affordable area to live in. If compared with other areas nearby and is located close to the center of London. which is only a few stations away.” Tags # real estate
Average house price growth across the UK remains stable. It increased 1.3 percent through September 2019, compared to the annual growth rate of 7.5 percent before the Brexit referendum. Graph-2-3 Mr. Khan added, “In 2018 - 2019, Thai investors had the highest rate of purchasing property in London. Which is considered the best option for investing. Due to the above main factors that attract Thai buyers. Including buyers from Singapore and Hong Kong who are waiting for the right time to invest in the UK and London. If we look back over the past 4-5 years when Brexit was just starting to happen. Real estate WhatsApp Number List demand In the UK, the number of Thai buyers has increased by approximately 40 - 50 percent if compared to the previous year. But demand increased up to 80 percent after the baht strengthened.” “Political uncertainty in the UK has led to a continued increase in the number of Thai buyers, especially in prime locations such as Kensington, Knightsbridge, and Holland Park. Park), Belgravia (Belgravia) and Harrods (Harrods). 60 percent bought it for their children
who come to study and another 30-40 percent bought it for speculative investment. This is down from 5 years ago when 90 percent bought it for their children's education. It is clear that international students are an important part of the real estate market.” “In addition, rental demand continues to outstrip supply in the market and drives up property prices in those areas. Because many residents have turned to renting during this period. Especially in Hammersmith. (Hammersmith) with rent between £900 - £950 per week. which increases 3 - 5% every year and has a net rental yield of 2.8 - 2.9%, while the average selling price is approximately £1.2 - £1.3 million for a 2 bedroom and £1.5 - £1.6 million for a 3 bedrooms This area is considered to be a very affordable area to live in. If compared with other areas nearby and is located close to the center of London. which is only a few stations away.” Tags # real estate