24 Jun '16, 1pm

4) Via @SGPropertyGuru - Manchester is the next major investment destination thanks to long haul flights

Manchester Cathedral is one of the city’s oldest buildings. Manchester is fast becoming the next major investment destination for foreign property buyers looking to benefit from strong capital growth and an undersupply of housing. By Romesh Navaratnarajah Recent news reports about Britain’s potential split from Europe, commonly referred to as Brexit, have left many foreign property investors wondering if this is the right time to enter the UK property market. There are many arguments being made by opponents of Brexit, but one thing is clear: a Brexit vote will likely cause a sharp fall in the Sterling, which should make UK properties much cheaper for overseas buyers. Aside from London, another location expected to attract greater foreign investment is Manchester, the UK’s second city. Alex Bellingham, Director of IP Global, told PropertyGuru that its housing market is curr...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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