According to the Financial Times, the London residential property market is now improving – with the number of homes under offer in some of the British capital’s most expensive postcodes being the highest since the Brexit vote.
Without a doubt, a rising interest in buyers from China is partly behind the recovery. As we revealed in 2016, London received a record £4 billion in property investments from China over the course of that year. It will be interesting to see how the figures for this year compares to that, but several sources indicate that it may even increase beyond the 2016 level.Economic and political factors in China and Hong Kong are also driving demand. There are worries the Chinese property market is overheated, and the possibility that Beijing could impose more stringent curbs on outbound capital flows from China is also speeding efforts to invest overseas. America has been a big target for Chinese property investors in recent years. But after the election of Donald Trump, Chinese investors will be taking a wait-and-see approach with some of that demand possibly diverted to London.