May 10th, 2017
Chinese Billionaires in London is starting a new trend for the super rich Asian investors who tend to buy and rent as many properties as they can. In the past years, owning a property in the capital of Great Britain has turned to be harder and harder for the average resident. Prices have started to rise in a fast rhythm due to a highly demand on the market and this is why Chinese Billionaires in London started making profit.
As China’s economy has not suffered any major back downs, more and more Chinese people who come to London are starting to own an impressive portfolio of real estate properties. Of course the most targeted locations are the Zone 1 or 2 especially those located on Thames River. An average rent in a premium location can go around 2,000 GBP ( nearly 2900 $ ) and as months pass by the investment turns out to be a brilliant one. Even the Richest Man in China – Wang Jianlin considered London a great place for investment as he recently bought a ten bedroom Victorian mansion located at Kensington Palace Gardens.
Being a highly secured location, surrounded by other highly protected locations such as the home of Duke of Cambridge, the astonishing price of the mansion confirms that only Chinese Billionaires in London are still able to afford such a spending.