Chinese property investment in the UK

Chinese property investment in the UK

China has recently become the world’s second-largest economy, and the 1.3 billion residents have accumulated significant personal wealth. Lisa Preece from the Fine & Country Media Centre team attended a seminar on the international buying trends of the Chinese, hosted by the Epoch Times newspaper. 


Moving abroad

Increasing numbers of Chinese people are looking to relocate, with 70% of the country’s richest moving away or looking to leave, according to Pamela Tsai, Global Director of Marketing at Epoch Media Group. 

“China is currently seeing the biggest wealth migration ever,” said Tsai. “The rich are moving huge amounts of personal wealth; $520 billion USD left the country in the first eight months of 2015 alone.”

“Chinese people are expected to invest $180 billion in international property in 2016, with 70% of buyers paying in cash. This is significantly higher than the $37 billion of property purchases in 2013.”


Push factors 

But why are they leaving? Tsai gives poor air quality, access to world-class schooling and safe havens for personal wealth as key factors. 

Those who aren’t moving permanently are still becoming major contributors to economies around the world. 

“Chinese tourists spend the most of any tourists in the UK at an average of $10,000 USD per person, per trip,” reveals Tsai. 



The Brexit Effect 

With all the uncertainty around the Brexit vote, some property professionals have wondered if it will impact on the number of Chinese people looking to move to the UK. With the weaker pound, buying property is currently a very attractive deal for foreign buyers, but is this also true for Chinese investors? 

“Some Chinese people expect to see a short-term uncertainty, and view Brexit as the weakening of the entire European market,” explains Quang Zhang, senior contributor to news section of UK Epoch Times.

“The UK was a spring-board to doing business with the whole of Europe, but this won’t be the case anymore. They think that the EU has taken a very hard stance on the UK’s decision to leave.” 

Others believe that the decision will lead to greater wealth for China because the UK’s new position could see them becoming more eager to trade with China. They also think that businesses once looking to trade with the UK may now look elsewhere, and one of those places could be China.  

“The UK has always supported free trade, and Brexit could lead to closer economic ties with the UK and China. People see the USA, UK and China as three economic pillars, so the weakened EU gives more potential to China.”

Sharon Xu, senior contributor of the property section at Epoch Times UK, has noticed the real impact of these opinions. 

“Interest from Chinese buyers in UK property has increased, but this has not yet translated into real sales or offers,” she notes. 

“Chinese people usually make decisions according to their needs over economic benefits, so they will still move so that their children can study here and so on. They are not likely to rush into buying property, despite the poor pound. Instead, decisions will be based on their family situation.”


What type of properties to Chinese buyers prefer? 

“Most Chinese are looking to buy, not rent, and mostly for their own use,” said Xu. “Only a few will consider buy-to-let. In the USA, I have noticed that Chinese will buy for themselves, but also buy commercial property such as golf courses or casinos. This is seen as a safe haven for financial wealth.” 

At Fine & Country, we have noticed that Chinese buyers prefer modern new builds over traditional homes, and this trend is expected to continue. 


New build in Cheam. £3,650,000.


About The Epoch Times 

The Epoch Times is the world’s fastest growing media with 1.7 million print copies distributed every week and 800 million online impressions per month. They write news and lifestyle articles aimed at Chinese people living outside China, as well as those inside the country. 

Is your property likely to be attractive to Chinese buyers? Contact your local agent as they may be able to feature your property in the Epoch Times editorial. 


19th Sep 2016

More from Fine & Country

Top 10 contemporary kitchens from around the world
The kitchen is the integral part of any home. Bringing family and friends together, it fills our home with warmth, love, and above all, food...
Read more >>
15th Jan 2019
Property Housing Market Report: January
The start of 2019 looks set to continue in much the same vein as the end of 2018, with Brexit discussions continuing apace and the deadline...
Read more >>
9th Jan 2019
Property Housing Market Report: December
Although the festive season is upon us, there is little seasonal cheer and ‘good will to all’ evident across the political arena. Brexit con...
Read more >>
5th Dec 2018

FINE & COUNTRY LIFESTYLE

DISCOVER MORE ABOUT FINE & COUNTRY

thank_you_website_hd

THANK YOU 


We just wanted to thank our customers for putting their trust in us to sell their home. We take the instruction to sell a home as a privilege, an honour and serious commitment. Our dedication and their trust in us means that,we are the fastest growing premium estate agent in England and Wales over the past 12 months*,attracting buyers from all over the country and further afield. We look forward to continuing to deliver results for our customers. For more information and a free valuation please click here »

SELLING YOUR PROPERTY


Selling your home is one of the most important decisions you make; your home is both a financial and emotional investment. Find out how we can help »

forsaleweb
office_window

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

staff
magazine

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

98

TAKE THEIR WORD FOR IT


An overwhelming majority of those who had used Fine & Country would recommend our services to a family member or friend, according to our most recent survey taken by members of the public.

To achieve 98.96% positive feedback is a privilege and we will endeavour to maintain this result, as we are dedicated to offering the best possible services to every customer, whether buyer or seller, from beginning to end.

MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

awards_stone
Independent customer reviews



Fine & Country

4.87 out of 5 - based on 1080 customer reviews



Estate Agent and Letting Agent Reviews

OVER 300 LOCATIONS WORLDWIDE

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomRussiaFranceHungaryCyprusGermanySpainPortugalUnited Arab EmiratesRomaniaMauritiusMoroccoNamibiaWest AfricaSouth AfricaAustraliaFloridaZimbabwe

SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn, Pinterest and Google+, giving each property maximum online exposure.

 

FINE & COUNTRY SERVICES

FINE & COUNTRY
INTERIOR DESIGN


Access Fine & Country Interior Design to put your property ahead and make it stand out. With expert advice from some of London’s best stylists and designers we will make sure it makes a statement. Or if you’re purchasing with us, let F&C ID help make your new house feel like home by helping you find the very best specialists and designers for property refurbishment. Find out more »

development_image1
ifx_3s

FINE & COUNTRY
FOREIGN EXCHANGE


We have partnered with Rational FX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »

MEDIA CENTRE


Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

media_thumb_crop
tileevent

FINE & COUNTRY EVENTS


We organise and attend a series of events throughout the year. If you are interested in attending or if you would like to promote your properties at any of these events, do not hesitate to contact us.View our list of events »

FINE & COUNTRY PUBLICATIONS

foundation_large

THE FINE & COUNTRY FOUNDATION


The Fine & Country Foundation is dedicated to supporting and funding homeless causes in the UK and overseas. Fine & Country offices organise a range of fundraising events for you to get involved in and/ or support. Find out more about our work here. Read more »

*Please, note: for security reasons, the maps on this website do not provide the exact location of the property and they are provided solely as an indication of area.