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Chinese Leading Buyers of London New Homes
Brief:Chinese have become the largest group of buyers of new homes in prime London,accounting for 27 percent of the market by volume.
Buyers from China was the largest group of buyers of new homes in prime London in the last year, accounting for 27 percent of the market by volume, according to a recent report from Savills. Many purchases of prime new homes are for Chinese families and their children attending schools in the U.K.

Chinese buyers dominate the market for new apartments, favoring high-rise, contemporary buildings in waterside locations, the consultancy says.

"There were initially two distinct groups investing in London, the established Hong Kong ultra-high net worths, and the new wealthy mainland Chinese," Savills director of residential research Yolande Barnes says in the report. "As Chinese buying in London grows, this is broadening to include a whole range of Chinese mainlanders and more Hong Kong residents."
 
"Far from being 'buy to leave' investors, most overseas buyers in London live and work in the U.K.," Ms. Barnes said in the report.
 

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