The post-Brexit fallout has included reports that several investors are planning to withdraw from the UK – but for many Chinese investors, Brexit represents a rare opportunity to enter or expand their presence in the UK property market.
Chinese investors remain interested in UK property despite the recent political and economic turmoil caused by the country’s decision to leave the European Union – in part due to its competitive economy, renowned educational system, sophisticated legal system, and the availability of high quality property and robust rental returns.
According to figures released by Juwai, China’s largest property portal, Chinese buyer inquiries into UK property spiked by a massive 40 percent in the month following the Brexit announcement.
This is perhaps unsurprising given the recent drop in prices of prime UK property, offering a rare currency-linked opportunity for foreign investors. According to property consultant Knight Frank, sales of prime real estate in London increased 38 percent in the week after the referendum compared to the preceding week. Month-on-month sales for UK property were up 29 percent.
The “pull” factors of the UK as a stable investment destination offering attractive returns, coupled with the “push” factors of slowing economic growth and sky-high property prices in China, means that UK property will likely remain high on the wish-lists of Chinese investors for the foreseeable future.
On December 7th, 2016, in Shanghai, Naseba will be organising the European Real Estate Investment Meeting. At the meeting, pre-screened Chinese investors will be introduced to pre-qualified European real estate investment opportunities.
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Naseba investor introduction
+971 4 455 7954