{"id":21291,"date":"2022-11-04T16:21:12","date_gmt":"2022-11-04T16:21:12","guid":{"rendered":"https:\/\/www.benhams.com\/news\/?p=21291"},"modified":"2025-12-03T11:08:14","modified_gmt":"2025-12-03T11:08:14","slug":"increasing-demand-from-overseas-buyers-taking-advantage-of-the-weak-pound","status":"publish","type":"post","link":"https:\/\/www.benhams.com\/news\/property-sales-market\/increasing-demand-from-overseas-buyers-taking-advantage-of-the-weak-pound\/","title":{"rendered":"Increasing demand from overseas buyers taking advantage of the weak pound"},"content":{"rendered":"

It\u2019s no secret that the UK has seen its share of political upheaval over the last few weeks.\u00a0 But as we see a new Prime Minister, Rishi Sunak, taking the reins at Ten Downing Street and bringing stability and confidence to the UK once again, many overseas investor clients have been reviewing their portfolios and asking us about new opportunities to invest in London residential property<\/a>.\u00a0 And increasingly, many now have very personal reasons for buying a new property in London<\/a>, as well as being keen to take advantage of favourable economic factors such as the weak pound.<\/p>\n

A successful visit to meet clients in South-East Asia<\/h2>\n

\"\"Our Directors have just returned from an extensive overseas trip, visiting clients and investors in Dubai, Kuala Lumpur and Singapore. It was their first overseas trip since the pandemic hit and it was great to return to a part of the world where we have so many clients, many of whom we\u2019ve worked with for years. We carried out numerous one-to-one meetings throughout our trip and it was exciting to meet old friends and newer clients, all of whom were keen to hear our analysis of how the London property market<\/a> is performing.<\/p>\n

At each location our Directors visited, we held events that were extremely well attended; clearly, the enthusiasm to buy London property<\/a> is undiminished. In Singapore, we were totally over-subscribed so our local office<\/a> will be following up with those who missed the opportunity to meet us. It was also helpful for us to gain a deeper understanding of the reasons behind why investing in London property<\/a> is still popular. And a key point that emerged from many of our discussions is that buying a property for student children is a driving force amongst overseas buyers right now.<\/p>\n

Education driving London property demand from overseas investors<\/h2>\n

\"\"London is one of the most important education hubs in the world so for many overseas investors, a key objective in buying a property here is as a home for children who are planning to study here and subsequently begin their careers and make London their permanent home. But extraordinary rental demand and chronic shortages of rental properties<\/a>, make finding a good rental property in the city extremely difficult.\u00a0 In fact, some students are living in short-let accommodation<\/a> or even hotels, for two or three months, until they find a property.\u00a0 And clearly this isn\u2019t a cheap option. So many families who had been planning to rent a London property for their student children, are now planning to buy a flat in London instead, concerned that renting a flat is so difficult \u2013 and expensive.<\/p>\n

Increasingly, buying a property<\/a> makes more financial sense and they are planning now for those university years in London.<\/p>\n

Buyers focusing on areas close to Elizabeth Line stations<\/h2>\n

Of course, where to buy depends very much on budget.\u00a0 Ideally overseas buyers wish to purchase a property that is close to their child\u2019s chosen university but if they don\u2019t yet know where this will be, a location close to good a good Tube fare zone is essential.<\/p>\n

\"\"And that\u2019s where Crossrail\u2019s the Elizabeth Line, named after her late Majesty Queen Elizabeth II, is radically changing parts of London\u2019s commuter belt.\u00a0 The new line has slashed commuter times into the centre of London, and transformed residential areas across the city, bringing them into sharper focus for both investors and homeowners. These areas, that are undergoing dramatic regeneration, are prime targets for buyers now, as wherever their children study, buyers know that transport links will be good.\u00a0 And with investment in these areas ongoing, these locations still offer the potential for long-term capital growth.<\/p>\n

Investor hotspots created by the Elizabeth Line<\/h2>\n

\"InvestmentFrom Hayes<\/a>, Southall<\/a> and Slough<\/a> to the west of London to Woolwich<\/a>, Stratford<\/a>and Whitechapel in east London, new residential areas are opening up, with smart new residential developments<\/a>, shopping, entertainment venues and other amenities.<\/p>\n

So developments such as Royal Arsenal Riverside in Woolwich<\/a>, Stratford Plaza and London Dock in east London<\/a>, The Green Quarter in Southall<\/a>, Hayes Village<\/a> and of course, Dickens Yard<\/a> and Filmworks schemes in Ealing, are all areas of current interest for these buyers.\u00a0 New stocks are now limited in some of these developments but our team of London estate agents<\/a> has excellent contacts and we regularly receive new instructions.<\/p>\n

For more information about how the Elizabeth Line is transforming commuter times, read our blog:<\/p>\n

https:\/\/www.benhams.com\/news\/london-property-market\/the-elizabeth-line-a-21st-century-growth-model\/<\/a><\/p>\n

The continuing weakness of sterling offers excellent opportunities for overseas buyers<\/h2>\n

\"\"While the pound remains at all-time lows, overseas buyers are enjoying a substantial discount on property purchases compared to a year or so ago, with sterling around 20% cheaper now.\u00a0 Experienced overseas investors recognise the value this brings and this, coupled with increasing confidence, means many are now keen to take advantage of the current exchange rate and expand their portfolios.<\/p>\n

Contact us to find out more about buying a London property<\/h2>\n

If you\u2019re planning to buy a London property soon, we have many excellent opportunities across London \u2013 in brand new developments. Contact our sales team to find out more about new properties<\/a> and resale properties<\/a> that are coming on to the market soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s no secret that the UK has seen its share of political upheaval over the last few weeks. But as we see a new Prime Minister, Rishi Sunak, taking the reins at Ten Downing Street and bringing stability and confidence to the UK once again, many overseas investor clients have been reviewing their portfolios and asking us about new opportunities to invest in London residential property. <\/p>\n","protected":false},"author":1001032,"featured_media":21145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[451,452],"tags":[],"class_list":["post-21291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-london-property-market","category-property-sales-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/posts\/21291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/users\/1001032"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/comments?post=21291"}],"version-history":[{"count":16,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/posts\/21291\/revisions"}],"predecessor-version":[{"id":27571,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/posts\/21291\/revisions\/27571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/media\/21145"}],"wp:attachment":[{"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/media?parent=21291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/categories?post=21291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/tags?post=21291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}