More and more Asian investors will be looking to buy British property according to the CBRE, the world’s leading commercial property and real estate services adviser. They are predicting a surge of eastern investment in British homes over the next ten years, as increasingly affluent Chinese investors develop a taste for international property.
With Chinese buyers currently making up five per centre of the owners of residential property in London’s West End, the CBRE says that the UK is very much the country of choice for Chinese property investors. However the organisation estimates that only 3% of potential Chinese investors have been identified so far, and they suggest that there are many more to be found within China's population of 1.4 bn.
Chinese buyers are particularly attracted to the UK’s educational institutions and many parents buy apartments for children studying in the capital’s schools, colleges and universities. The drop in the value of the pound has also encouraged many more Chinese investors to buy London property.
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"Many real-estate agents and property experts in east Asia believe a new wave of investment is just getting under way, as mainland investors develop a taste for international real estate, including postcodes up and down the UK."