Chinese investors expected to turn to London property
After China’s recent stock market crashes and the depreciation of the yuan, Chinese investors are turning to more stable environments and London’s property market could provide them with a ‘safe haven’, claims the South China Morning Post. The city’s property is becoming increasingly attractive to investors as prices increase at a sustainable rate due to the UK’s strong economy, expanding population, all of which are driving up demand. Investors are also expected to see large yields on future investments which outweigh market entry costs; for example, buy-to-let purchases in Outer London are currently producing yields of 6%.
With prime central London property appreciating only about 2 per cent a year, buyers are seeking new pockets of value. Photo: Bloomberg