Chinese property investors
The election result is already sending out the signals that UK is again the place for overseas property buyers to invest their money, the conservative victory is seen as a confirmation of stability and growth in the high end property market, especially now that the threats of Mansion Tax and Non-Dom status reform have evaporated along with a Labour government.
UK house prices are expected to see another 5 years of growth under the Conservative government, it would appear that the Chinese may take the place of the Russian and Middle Eastern high end property investors especially in London and the south east where in some areas one in five of buyers are from overseas.
Experts appear to agree that super wealthy Chinese will be the next wave of foreign investors to be buying UK property, the UK has for a long time been seen as a safe haven for foreign money, so while the Chinese economy appears to be flagging, high net worth indiviuals will be making plans to safeguard their futures and it looks as though London could be first stop.
You May Also Enjoy
Labour to enforce entry to your home for Property Mansion Tax?
Public Sentiment Favours Social Infrastructure Over Housing Resistance
Homebuyers are Prioritising Wi-Fi Over Good Schools
Landlord returns reach almost 7% in some areas
Portfolio landlords now control almost half of England’s private rentals
