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There are many factors which have contributed to the increasing numberof investorsfrom China buying properties in the UK, with London being the main area in which they are interested in. Below is a list of reasons which could explain why this has been occuring:

 

  • Trade relations between the UK and China has improved over the last few years.
  • The liberalisation of China’s currency, the Renminbi (RMB)
  • The price of new homes in China is increasing
  • Number of Chinese high net worth individuals looking for offshore investments increasing

Research from W.A Ellis indicated that an estimated £3.5 billion was spent on UK properties from Chinese investors last year. The Chinese currency has also strengthened in recent years meaning that it is 8% cheaper to buy in the UK than it was 6 years ago.

It is no secret that education is very important in China. British education is seen as prestigious in terms of stature and quality, and research shows that 85% of high net worth individuals intend to send their children abroad for education, with 22% of these individuals stating that the UK is their preferred location. 

23rd January 2014

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