World Library  
Flag as Inappropriate
Email this Article

Real estate in the United Kingdom

Article Id: WHEBN0038906935
Reproduction Date:

Title: Real estate in the United Kingdom  
Author: World Heritage Encyclopedia
Language: English
Subject: Economy of the United Kingdom, Real estate in the United Kingdom, Real estate, Economy of Cornwall, Economy of Sheffield
Collection: Economy of the United Kingdom, Real Estate in the United Kingdom
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Real estate in the United Kingdom

Real estate in the United Kingdom is a significant feature of the economy of the United Kingdom, and regulated according to Scottish and English land law. The real estate market in the United Kingdom is the largest or second-largest in Europe (after Germany) depending on the method of measurement.[1][2] The commercial real estate market in the UK has a market size of around 250 billion euros.[1] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20 billion in UK real estate in 2012.[3]

Chinese Interest

For a few years, Chinese developers and investors have more and more have seen that the UK government gives support and encouragement to these projects, making London seem like the ideal area when looking at European markets for higher returns and strong growth. Hoping to aim for the desire and need of being seen as a hub for diversification and safety in the eyes of its investors, which is a successful venture considering its political and economic stability. Elections and other political events that occur regularly have a small impact on the legal system. After the UK accepted seven different Chinese banks, the government was eager to show their support by being the first outside of China to issue Renminbi Bonds and reflect the commitment of Chinese investors to the UK market. International standards, of which the Chinese have a thirst for knowledge, and a strong growth profile are also key attractions of the UK market. [4]


See also

References

  1. ^ a b "Are we there yet? Overview of the European real estate markets". JP Morgan. Retrieved 24 March 2013. 
  2. ^ "Global Real Estate Q3 2012". Standard Life Investments. Retrieved 24 March 2013. 
  3. ^ "UK real estate predictions 2013". Deloitte. Retrieved 24 March 2013. 
  4. ^ Bryan Pickup, "Unlcoking the Asian Century", International Law Office, 11/7/2014


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.