More Hong Kong investors in UK property looking beyond London
Hong Kong investor interest in Britain's regions has grown since 2008. According to property consultancy Savills, 38 per cent of their Hong Kong buyers in the re-sales market have bought property outside London over the past five years.
![The Cube in Birmingham has drawn HK buyers. Photo: SCMP](https://cdn.i-scmp.com/sites/default/files/styles/1020x680/public/2013/07/30/ef536a7358b256880e1653dcd0d3d225.jpg?itok=r8_RIv_q)
More Hong Kong investors in British property are looking beyond London to other towns and cities outside London, estate agents say, and the increase is linked to the growing number of Hong Kong students attending British schools and universities.
Some Hong Kong parents buy properties for investment, while others who have bought accommodation for children studying in Britain help family and friends to buy too.
According to Britain's Higher Education Statistics Agency, the number of Hong Kong students at British universities rose 9 per cent from 10,440 to 11,335 between 2011 to 2012.
Hong Kong investor interest in Britain's regions has grown since 2008. According to property consultancy Savills, 38 per cent of their Hong Kong buyers in the re-sales market have bought property outside London over the past five years.
This year the target of Hong Kong investors has been studio apartments in purpose-built student accommodation blocks. These include Mi Place, a development opposite Aston University in Birmingham, marketed by Knight Frank. Prices for the 62 studios start at £83,500 (HK$996,000).
Hong Kong investors have also been buyers at two conventional residential schemes in Birmingham this year.
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