How far does HKD 2,000,000 go in the UK?
It’s no secret that properties in Hong Kong are expensive. In January 2021, a car park at Mount Nicholson project broke records by selling at HKD 11.9 million (sheeesh!).
Let’s get down closer to Earth. Today, we’ll take a look at 6 property purchases you can make in the UK at the average price of a car park in Hong Kong, which is roughly HKD 2.14 million, or ~ GBP 200,000.
What you can buy with GBP 200,000:
A house-boat in London: Who needs a house when you can have a… boat? For those whose feet get itchy if they stay in one place for too long, owning a house-boat could be the ticket to a perfect lifestyle. Just don’t forget to account for the costs of having a watery ‘car park’.
4 Car parks in (very) Central London: Car parking spaces are not as short-supplied as they are in Hong Kong, but they’re still pretty expensive in London. For the price of an average car park in Hong Kong, you’ll earn the ability to park 4 vehicles in the center of London.
A brand new one-bedroom flat in central Birmingham: For the young, single and ambitious professionals who prefer the charm of Birmingham over the bustle of London, it will come as good news that they can buy a brand new pad for the price of a car park.
4 flats in Glasgow: For investors who are looking to keep their funds busy and produce healthy cash flow, Glasgow deserves proper consideration. Properties are generally cheap, and rental income is relatively high. But remember that if you buy for cheap, you might also have to sell cheap.
3 garages in London with land: Car parks are popular among some investors not only for the low entry point, but also because there is so little maintenance involved. Garages are the cousins of car parks. Rent-and-forget is a timeless real estate investment strategy.
A 4-bedroom terraced house in Liverpool: A whole family couldn’t live on top of an empty car park. But they can live in a 4-bedroom house in Liverpool. However this property is offered with a leasehold title, so buyers should double-check the length remaining on the lease.
*the above links point to live properties at the time of posting, they may become unavailable in the future