The UK is seeing a considerable rise in the number of Chinese HNWs (High-Net-Worth Individuals) coming over here to live.
As a top London buying agency whose client base is made up of 30% Asian buyers, Black Brick’s Founder, Camilla Dell offered her insights into the rising interest from Chinese investors in a new piece this week for Spear’s:
“Asian buyers like to buy “offplan” [before construction has commenced] or new-build properties, as this is what they are familiar with in their own local markets.”, she said.
“Areas such as Canary Wharf have become extremely popular with Chinese buyers who want to invest in off-plan developments. However, we always advise buyers to be wary of such purchases, which can be located in secondary areas and tend not to perform as well as prime central London properties.”
Read more in the full article here.
