Chinese investors are all set to go on a property buying spree in the UK, taking advantage of the weak pound caused by the coronavirus pandemic, reports Express.co.uk (24 April 2020). According to The Hurun Chinese Luxury Consumer Survey 2020, Chinese high-net worth individuals are investing 12.5 per cent of their wealth in an overseas property while London ranks as the most popular destination. While Chinese buyer enquiries on US property are down, they are up in Canada, the UK, Australia and Japan, all of which are often considered alternative destinations to the United States, according to property portal Juwai.com.
