Some passports allow greater freedoms than others. A new set of limitations, enforced by the pandemic, makes the difference offered to holders of various passports even more vivid. Regretfully, Cyprus put on indefinite hold its "golden visa" programme. However, Malta, along with Montenegro and some Caribbean states, are still very interesting and attractive options.
Chinese executives were expressly interested in doing business in Britain. 13 per cent of CEOs behind the Great Wall put the UK in their top three investment targets, compared with only 3 per cent in 2019. Almost 25% of India's higher business officials put the UK in the top three, more than a twofold rise up from 9.5 per cent in 2019.
Interest in growing the business in Britain also increased within the Commonwealth countries, such as New Zealand and Canada.
There is no decline in new builds development in London, according to Molior London. Their sales are steady despite two national lockdowns during the year. Surprisingly, the company sold more housing units during 2020 than in 2019.
Holding property in a special purpose limited company is tax efficient. Once you establish your SPV company, finance options become readily available. The UK mortgage lenders are keen to provide financing for precisely this type of companies.
2020 established the first year in Britain's modern history when house prices and activity levels rose during a recession. Annual house price growth has finished the year at +7.3% (Nationwide data, the Halifax index put it at less optimistic +6.0%).
Data from the most extensive UK property index Zoopla showed that at the end of 2020, housing market activity runs well above of 2019 levels…