The Chinese are now buying more Property Investments in the UK an increase of 400%
Over the next 10 years Chinese buyers will start buying UK Property Investments at a rate of £200 Million per year, there are thousands of Property investors buying UK property at a rate of 600 units per month and its growing as the appetite increase Developers are hastening in constructing new sites all over the UK.
Mr San Tai Li an experienced selling agents for UK developers talks to us from his Hong Kong Office.
” I estimate that only 5% of Chinese Property Investors have been buying so far in the UK – This tells me that there is a huge untapped Goldmine of Investors yet to be sold to. China is a very big place and cities like Chongqing, Guangzhou and Chengdu are untapped.
Our own International Investment Liaising officers concurs the same message and is currently visiting these cities and will be reporting back with his findings early next month.
Many Real Estate agents and Property Experts over in the Far East believe a new wave of Property Investors are heading our way. There is a bigger demand for UK property since the Brexit vote for now buyers are getting 10% more RMB for their Investments.
Property Enquiries right after the Brexit vote in June 2016 were 30%-40% higher than the previous years. The pound is 10% cheaper and for lots of Chinese Investors this is a big discount and a big incentive to buy.
All over the UK developers are building predominantly with the aim of selling their units to overseas Investors the top 10 buying locations are below:
- London
- Manchester
- Liverpool
- Leeds
- Birmingham
- Sheffield
- Bradford
- Edinburgh
- Oxford
- Cambridge
We spoke with Chief Executive Mr Charles Pittar of China’s largest Property Portal – Juwai.com – and he explains that he has seen a 400% increase in Chinese Investors enquiring about UK Property specifically Manchester, Liverpool and Birmingham.
Mr Pittar estimates that in the next 7years the Chinese Investment in the UK will exceed £350 Billion.
Investments are seeing an increase in what has been described as the Northern Powerhouse Investment Hotspots here rental yield are higher and with Governmentambitions to build a better infrastructure
In China there are 159 Cities with a population in excess of 1 Million Residents, this signals a huge surge of new Chinese Property Investors willing to buy properties overseas.
The Chinese have 4 main motivations to Invest in the UK:
- Safe and stable Economy
- Education Standards
- Immigration Acceptance
- Lifestyle and Entertainment
Hong Kong Skyline
Many Chinese Investors believe that London is a safe haven to park their money – Many Real Estate Tycoons who made their fortunes during the countries Economic boom and now “Just want to cash out and take their profits and move it overseas”.
Its not just the Ultra Wealthy that are buying £10M, £15Million property but the middle class are wanting to get a piece of the action – This group of Property Investors are large in numbers and according to ICSA this could equate to an extra 150 million new buyers emerging out to buy property for their future Investments.
Given the simple fact that foreign investors are cash buyers and are Ready, Able and Willing to buy is feeding the construction frenzy that Developers are delivering.
Now developers can sell most of their apartments blocks a soon as planning permission has been approved, this is the sheer demand for new modern apartments in Major Cities.
Citywide Investors have been assisting International Investors sourcing and buying property in the UK for many years and are welcoming Developers and Bulk Buy Investors to contact us and plan their strategy.
