Chinese Demand for UK Residential Property Surges: Juwai.com Releases Q4 UK Report
A new Juwai.com report reveals that Chinese buying enquiries for UK residential property more than tripled to their highest level on record between February and August 2018.
SHANGHAI, Oct. 08, 2018 /PRNewswire-PRWeb/ -- Juwai.com today released its Q4 UK Report, revealing that Chinese buying enquiries for UK residential property more than tripled to their highest level on record between February and August 2018. The report summarizes the latest data on Chinese demand for residential property in the United Kingdom.
The report is available to members of the media from [email protected].
As China's No. 1 international property portal, Juwai.com is the only entity able to provide a comprehensive view of Chinese residential acquisitions in the UK.
The report includes demand data on the top five cities for Chinese property purchases:
• London: enquiries up 65.0% in August over the same month in 2017.
• Manchester: enquiries up more than 200% in August over the same month in 2017.
• Birmingham: enquiries up more than nine-fold, albeit from a lower base, in August over the same month in 2017.
• Edinburgh: enquiries up from a relatively low base more than 20-fold in August over the same month in 2017.
• Liverpool: inquiries up 162.5% in August over the same month in 2017.
Carrie Law, CEO and Director of Juwai.com, said:
"Most Chinese still have positive long-term expectations for the UK economy and property markets despite Brexit. Most see the UK as a long-term reliable market offering an excellent lifestyle and enviable opportunities for their children to study, work, and live. Are they being too optimistic? Only time will tell."
In total, international property acquisitions by investors from mainland China, Hong Kong, or Chinese-ethnicity Singapore totalled £118.9 billion in 2017. The United Kingdom alone was the destination for at least £16.6 billion of that investment. This includes both commercial and residential property.
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...About Juwai.com...
Juwai.com is the No. 1 Chinese international property portal and is the exclusive international property partner of Tencent, the Chinese internet giant that operates WeChat. Juwai.com reaches more than 3.1 million Chinese-speaking monthly users and showcases 2.8 million listings from 90 countries. Juwai.com was named the top international real estate website in China by the country's peak e-commerce body for two years running and is a winner of the prestigious Red Herring Global Top 100 Award for excellence in startups. The company's biggest teams are in Shanghai and Hong Kong. Regional teams are located in the US, the Philippines, Canada, Malaysia and Australia. For info or to advertise: http://list.juwai.com
SOURCE Juwai Limited
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