Despite post-Brexit concerns, which has caused both political and economic uncertainty, Chinese investors are setting the standard and are showing the world that London is still a brilliant location for a property portfolio.
A recent article in the Financial Times has revealed how Chinese investors have ‘increased their focus on London’s property market’ and blame the fall in the pound and the fact that there are ‘signs of an end to China’s own property bubble’.
To date, Chinese investors seem most interested in prime London locations, including the capital’s most exclusive areas. According to date, sales to Chinese investors in Mayfair, Belgravia and Chelsea have risen since the Brexit vote.
As the article states, Juwai.com, an online property portal, said it received a record number of inquiries from Chinese buyers about British property in September.
With continuing stimulation we can, therefore, state confidently that London’s market is likely to grow further with demand pushing prices up.
Despite property prices continuing to rise, we are proud to be doing our part for first time buyers; an area of the market that often gets neglected.
At Inspired, we focus on young working Londoners. We source old offices and transform them into beautiful new apartments, with incredibly affordable price tags. Yet, we never falter on quality!
All of our apartments are finished to the highest standards, and we have even won awards for our communal areas which include sky gardens, cinema rooms and business lounges.
We know how important location is, which is why we only ever develop in areas with superb transport links and large regeneration schemes.
What we please you most if that our properties start at just £235,000 and we also have help to buy in place. That means that you only need a 5% deposit to buy your very first London home!
Please contact our team on 0208 688 6552 to find out more.