Following in the steps of the French and the Russians, Chinese buyers are now investing massively into London’s high-end property market as the Chinese government relaxes rules for Chinese overseas investment, reports The Times of London (4 April 2015). According to Juwai.com’s data, the average price paid by Chinese buyers in London was £4.74 million at the end of last year. Jan Kot, Juwai.com’s China General Manager, said: “Central London attracts the premium buyers who can afford to spend £5 million or £25 million on a UK property. The largest number of wealthy Chinese made their money in property or private business.”
