According to Knight Frank’s latest Wealth Report, the UK is still the top choice for Asia’s high net-worth individuals when it comes to overseas property investing. The report, which tracks the ever-increasing super-rich population in 125 cities across 89 different countries, highlights that the UK beat other property investment hotspots such as Singapore, to the top position.
London is also still the top city in Knight Frank’s City Wealth Index, which ranks and lists the most important cities for the world’s wealthiest individuals.
So why do Asia’s super-rich continue to look to the UK for investment properties?
It’s quite simple. Since Brexit, and the dip in value of sterling, the UK represents fantastic value for money. In addition, the emergence of fully managed properties in the UK, especially in the big cities, has become an ideal investment vehicle for overseas investors because they don’t need to be hands-on landlords.
Knight Frank also forecasts that the UK will continue to attract significant investment from Asia’s high net-worth individuals and that the UK could see a 30% rise in Asia’s ultra-high-net-worth-individuals (UHNWI) actually being based in the UK.