Property News · September 6, 2018

Chinese student, 18, lives in US$6.5m London flat. How parents like hers are fuelling a property boom


Wealthy parents from outside the UK bought about £2 billion (US$2.6 billion) of property in London over the past year in order to get their children into private schools and universities in the capital, according to a high-end estate agent.
Knight Frank said such foreign buyers snapped up 2,162 properties valued at a combined £2 billion in the year to the end of May, up from £1.65 billion in the previous year.
Liam Bailey, Knight Frank’s head of research, said the…

Source : South China Morning Post
Read more…Chinese student, 18, lives in US.5m London flat. How parents like hers are fuelling a property boom

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