Oct 10
27
More Chinese buyers set to profit from falling UK property prices
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Published by Property Wire
on Friday, 22 October 2010
on Friday, 22 October 2010
With real estate prices in the UK starting to fall in line with predictions that analysts have been making for several months now, one group of buyers who are likely to profit from cheaper prices are the Chinese. Wealthy Chinese buyers have always sought properties in London, particularly near universities for their offspring to use when studying in the city, but in recent months more have been buying for investment purposes as their native market sees sky high prices despite government cooling measures.
Over the years leading London estate agent Winkworth has had a fairly steady stream of Chinese buyers. Clerkenwell is a particularly popular area as it is close to University College London and the London School of Economics.
