Inflow of foreign investments in London’s commercial real estate saw a dramatic decline following the UK decision to leave the European Union, however, that was not the case with Asian investors.
According to Financial Times, Brexit has not frighten Chinese and Hong Kong investors and they are going on buying out assets in the City and West End.
Expert at Knight Frank real estate broker company, Peter McFaul, notes a growth in inflow of Chinese funds in British real estate, including those from Chinese state organizations and high net worth individuals.
According to the data provided by Real Capital Analytics, a total investment inflow in London real estate has amounted to $8,6 billion since Brexit, what is 55% less than the figure in the similar period of time last year. At the same time, the volume of Chinese investments declines just by 22%, what indicates an increasing share of Chinese investors on the market.