The United Kingdom is the most in demand place to buy property in Europe and London has the most attractive residential market in the country. In fact, approximately 5% of the residential owners in the West End of London are Chinese investors and 5% are Hong Kong investors. There a few reasons why London is such an attractive location to invest in, one of which is because the city is full of renowned educational institutions that these investors wish to send their children to. Buying property so that their children can live and learn in London is a high priority for Asian investors.
London tourism is another principal reason why the city is a hotspot for overseas investment. Asian investors have cottoned onto the prospect that London is forecast for a tourism boom after Brexit saw the fall of the pound, which has encouraged investors to venture within the capital’s hotel market. CBRE has stated that Asian investors ‘are not emotional buyers. They are looking for a bargain, and they have long-term faith in the UK.’
Even post-Brexit, Asian investors remain confident in London’s residential market and want to take advantage of unrivalled opportunities that they cannot find elsewhere. Luxury property, as well as the high level of education and timeless culture, attracts overseas investors and makes London investments second to none. By looking at the facts, it is clear to see that the UK’s capital will not fail in being a prime location for Asian investment for the foreseeable future.