Chinese Investors Drawn to London Property Market
Chinese property investors are being increasingly drawn to the London real estate market to take advantage of the favourable exchange rates which are currently on offer, a leading consultancy has claimed.
CB Richard Ellis has said that ten per cent of all transactions at overseas exhibitions will be to Asian buyers this year, with the potential for sellers to capitalise on the large number of millionaires hoping to buy in London.
The consultancy added that while many traditional 'trophy' purchasers will continue to focus their attention on prime central London accommodation, an increasing number are diversifying their interests to include easy to manage new build apartments.
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