Buyers from Hong Kong and China are scooping up London’s luxury inventory

Buyers from Hong Kong and mainland China now make up the biggest portion of foreign buyers of luxury London real estate. They account for 15 percent of international transactions for property above 1 million pounds and 20 percent of deals above 10 million pounds, according to data from brokerage Beauchamp Estates first reported by Mansion Global. Russian and Indian nationals were previously the biggest buyers in London. U.K. agents are well-equipped to cater to remote

source https://therealdeal.com/2020/07/05/buyers-from-hong-kong-and-china-are-scooping-up-londons-luxury-inventory/