Could the East provide the boost that UK real estate needs right now?
In light of the challenging market conditions in recent months, many corporate agencies are having to let go of their staff or close their premises. Difficult times make any possibilities of transactions look bleak. However, there is still some movement in the real estate market, for those who are actively involved. Leaving the portal worries and barriers aside, the property market remains attractive for overseas buyers. The primary driver for this has been the weaker Sterling which has been further emphasized with the arrival of the COVID crisis in the UK. This favourable shift in currency combined with attractive funding costs and mortgages available at rates as low as 0.8%1, it’s no wonder that there is an opportunity. With China on the road to recovery and accounting for less than a tenth of worldwide coronavirus infections and barely any of the new daily cases, life is starting to return to
