Chinese investors focus on UK property

Chinese investors focus on UK property

Chancellor George Osborne’s visit to China last year and the Chinese president’s recent state visit of the UK is paving the way for much better business relationships between the two countries. High on the agenda with the Chinese delegation is property investment in the UK, particularly in the Northern Powerhouse initiative. It is estimated that by 2020 there could be as much as $13 billion invested by Chinese investors who are attracted by the stability of the UK property market and the potential for high returns. Even if Brexit became a reality the Chinese still see the UK as a safe haven for property investment and many investors’ from the Far East are looking to the UK property market to bolster their portfolios.

The UK is currently rated as the 4th most post popular international location for investment and in 2014 over $3 billion was invested in the UK property market by Chinese investors. In fact, over 70% of all the enquiries about the London property are made by Chinese investors which illustrates the interest shown in property on our shores.

Check out this article about what Chinese investors are interested in http://www.telegraph.co.uk/sponsored/china-watch/business/11965722/chinese-companies-investing-in-uk-real-estate.html

But it’s not just London that stands to gain from this interest. As prices in London continue to escalate, Chinese investors are starting to focus on other major UK cities such as Manchester, Birmingham and Liverpool where there are strong rental opportunities and a willing supply of tenants. Property is considerably more affordable in these cities than the capital and high rental yields can still be obtained. This is why property in major UK cities are gaining a lot of traction from Far East investors.