China’s worsening relations with the US, Australia and Canada are driving wealthy Hongkongers and Chinese to buy luxury homes in London instead of investing their money in places such as Malibu, Los Angeles, and Toronto, making them the largest group of foreign buyers in the British capital over the last 12 months, according to Beauchamp Estates.
The buying spree has helped Hongkongers and mainland Chinese overtake Russians and Indians to become the top international buyers in the UK for the…
Source : South China Morning Post
Read more…China’s strained relations with US, Canada, Australia a boon to London property, agents say
