Carrie Law, CEO and director of the number one Chinese international real estate portal Juwai.com, said Brexit was initially viewed as "bargains", but the interest dissipated by the first half of 2018. "Within hours of the referendum results becoming known, the British pound dropped 10 per cent. Buyers from China [and Hong Kong] perceived that British property was suddenly on sale at bargain prices." However, in the second half of 2018, inquiries were on the upswing again. "We think the Brexit shenanigans feel remote to many Chinese and Hong Kong buyers. They consider it a bit of local politics. It does not change their fundamental, positive long-term expectation for the London property market," she said. "And if the uncertainty gives them a chance to pick up a bargain in the meantime, so much the better," reports South China Morning Post (22 January 2019).
