{"id":20744,"date":"2016-07-25T15:37:45","date_gmt":"2016-07-25T08:37:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=20744"},"modified":"2016-07-25T13:59:11","modified_gmt":"2016-07-25T06:59:11","slug":"uk-property-price-slide-creates-wave-of-chinese-interest","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-price-slide-creates-wave-of-chinese-interest\/","title":{"rendered":"UK property price slide creates wave of Chinese interest"},"content":{"rendered":"


\nInterest among Chinese buyers in buying UK property has surged since Britain voted to leave the European Union last month, as the pound’s slide has created opportunities to buy at a discount, the property website juwai.com said on Monday.The number of Chinese enquiries about the British residential and commercial property market has been 30 to 40 per cent higher than average in each week from June 20 to July 11, said the website, which targets Chinese property investors looking abroad.The data shows a sign of resurgence in demand from a top group of investors in a sector hit by a slowdown due to concerns over the impact of Brexit.”With politics stabilising and a competent new government in place, the UK looks like the same old safe haven as ever – but cheaper,” said Bernie Morris, the president of the UK, Europe and Middle East for juwai.com.The four weeks were among the five strongest weeks of enquiries for the British market this year, according to the site, which gave no data on completed sales.Half of Chinese investors hit pause on their British property investment plans before the June 23 vote, with a crisis at home and uncertainty in Britain hurting appetites, a juwai.com survey last month showed.The chief motivator for the change of heart: the fall in the value of sterling against the dollar and the yuan has effectively brought down prices across the market.Sterling has lost 8 per cent against the dollar and 6 per cent against the yuan over the four-week period.The website’s upbeat view contrasts with developments in the British commercial property market since the referendum.Investment demand for British commercial property dropped by the largest amount on record after the EU vote, according to a survey from Britain’s Royal Institution of Chartered Surveyors.In the first week of July, more than \u00a318 billion (Dh86.86bn) of retail investor cash was frozen as a number of commercial property funds suspended trading to allow time to sell some of the buildings following a tide of redemption requests. Other fund managers cut the value of their UK property funds.Over the past few years, Chinese investors have been among the biggest foreign buyers of British property, snapping up everything from opulent homes to well-known commercial property.Many of their investments have been focused around London and Manchester in the north-west.Lawyers and brokers have said buyers, predominantly private equity players, were managing to secure “Brexit discounts” on property of up to 10 per cent since the vote, as some sellers agree to let go of assets ranging from offices to houses for less.Purchasers included names from the Far East, they said.business@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…UK property price slide creates wave of Chinese interest<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Interest among Chinese buyers in buying UK property has surged since Britain voted to leave...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-20744","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5oA","jetpack-related-posts":[{"id":113607,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-investors-like-the-boris-johnson-effect-as-buying-interest-spikes-for-uk-residential-property\/","url_meta":{"origin":20744,"position":0},"title":"Chinese investors like the Boris Johnson effect as buying interest spikes for UK residential property","date":"January 14, 2020","format":false,"excerpt":"\r Hong Kong and mainland Chinese investors are stepping up their interest in UK residential property again after the decisive election of Conservative Prime Minister Boris Johnson, who has pushed for a definitive deadline on taking Britain out of the European Union.\u201cChinese and Hong Kong buyers are not waiting any\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42515,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-is-still-top-for-chinese-buyers-with-a-few-differences\/","url_meta":{"origin":20744,"position":1},"title":"UK property is still top for Chinese buyers, with a few differences","date":"February 1, 2017","format":false,"excerpt":"\r China\u2019s HNWI continue to snap up London real estate at the lowest prices in a decade London\u2019s still got it, but the areas outside the cookie cutter are seeing more Chinese interest. Image: emka74\/Shutterstock With a population of 1.4 billion, China presents a huge opportunity for UK property investment.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14932,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-still-a-safe-haven-for-chinese-investors\/","url_meta":{"origin":20744,"position":2},"title":"UK property still a safe haven for Chinese investors","date":"May 31, 2016","format":false,"excerpt":"\r The international investment property industry has changed significantly over the last 10 years, but we can safely say that the UK, even through times of uncertainty, has remained top of our investors\u2019 wish lists and London property remains one of the top global investmen\r \r Source : South China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-london-cant-take-chinese-investors-for-granted\/","url_meta":{"origin":20744,"position":3},"title":"Why London can\u2019t take Chinese investors for granted","date":"January 18, 2016","format":false,"excerpt":"\r At the end of last year, the UK has hosted two of the most influential leaders of the global economy, Chinese President Xi Jinping and Indian Prime Minister Narendra Modi.\r \r Source : South China Morning Post\r Read more...Why London can\u2019t take Chinese investors for granted","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-investors-target-london-office-property-as-market-correction-vaccine-roll-out-underpin-latest-deal-in-2021\/","url_meta":{"origin":20744,"position":4},"title":"Chinese investors target London office property as market correction, vaccine roll-out underpin latest deal in 2021","date":"March 9, 2021","format":false,"excerpt":"\r Global investors, particularly from mainland China and Hong Kong, are snapping up London office properties in anticipation the economy will make a swift recovery as the government rolls out a speedy Covid-19 vaccination programme.Chinese buyers picked up US$2.12 billion worth of UK commercial property in 2020, about a third\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coming-out-in-droves-chinese-property-investors-flock-to-phuket\/","url_meta":{"origin":20744,"position":5},"title":"Coming out in droves: Chinese property investors flock to Phuket","date":"May 16, 2016","format":false,"excerpt":"\r The leisure destination\u2019s\u00a0close proximity to Mainland China is the x-factor Image credit: BBC.com Property buyers from China could be flocking to Phuket if the CEO of China\u2019s largest international property website is to be believed. Charles Pittar, CEO of\u00a0Juwai.com, told the\u00a0Phuket News\u00a0that he is predicting interest in Phuket property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20744"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=20744"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20744\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=20744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=20744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=20744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}