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Chinese Property Investors Seeking ‘Bargain’ Following Brexit

The UK property market has seen a rise in demand from Chinese investors following the UK’s decision to leave the European Union was announced.

Chinese Property Investors Looking for Bargains in UK Post-Brexit

The UK property market has seen a rise in demand from Chinese investors following the UK’s decision to leave the European Union was announced.

The number of Chinese buyers looking for property in the UK has risen dramatically in the past month, as savvy investors look to capitalise on a favourable Sterling-yuan exchange rate, says Chinese property portal, Juwai.


According to the portal, enquiries for UK properties on the international property portal have risen by 40% over the last four weeks, as Chinese investors seek investment opportunities.


The head of Juwai’s EMEA division, Bernie Morris, said that the decline in the value of Sterling has been the decisive factor for many Chinese investors.


Mr Morris also said: ‘Now, with politics stabilising and a competent new government in place, the UK looks like the same old safe haven as ever – but cheaper.’


Chinese investment in the UK property market is predominantly focused around London, major university towns and key regional cities, in particular, those cities which stand in the Northern Powerhouse region.


Last year, China’s Hualing Group struck a £1.2 billion deal to invest in building new properties across the Northern Powerhouse region following visits from former Prime Minister, David Cameron, and former Chancellor of the Exchequer, George Osborne.


Chinese investors are looking to invest in the Northern Powerhouse as the lower property prices and higher rental rates generally provide more generous rental returns than properties in the south of the UK.


Following a challenging start to 2016 for the Chinese economy, the relative safety of the UK property market remains an attractive proposition for investors, especially following projections from the International Monetary Fund last week, where it was announced that the UK economy is still set to outperform France, Germany and Italy, in spite of the Brexit vote.

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