Despite the upcoming EU referendum in June, Estate agent Savills doesn’t expect this to have any effect on commercial property investment with Chinese investment set to exceed last year’s levels.
Last October the Chinese President made a state visit to the country and following it the UK’s commercial property market was described as a “safe haven” for Chinese investors.
And they have heeded the advice!
A staggering £560.3m of Chinese transactions have already been made in the London commercial real estate market since the beginning of the year to the end of February.
During the state visit, PM David Cameron visited Manchester with Chinese President Xi Jinping and said the north of England would create new partnerships with China to unlock the potential of the northern powerhouse.