Investors from Hong Kong are investing in London on a big scale
Investors from Hong Kong are pouring money in London commercial property market this year. Chinese investment in London has more than trebled compare to that before the British referendum. While other investors are pulling out of London, it is the opposite with Chinese investors who have pressed the accelerator in investment. As China tightens its grip on overseas investments, property magnates are using Hong Kong as a conduit for investment. Although, there are other factors as well that are driving increasing Chinese investment in London and include sterling’s 12% drop since the brexit referendum against the dollar, higher property cost in Hong Kong compared with London and heightened political uncertainty in Hong Kong.