Chinese investors' interest in the UK's real estate market has soared recently, after the British government announced it was suspending stamp duty to help boost house prices, reports China Daily (23 September 2020). According to leading proptech company, Chinese buyers made 213 per cent more enquiries about British real estate in July than they did a year earlier. In July, the British government announced the exemption of stamp duty on property purchases of up to 500,000 pounds ($641,000) until 31 March 2021. This means huge savings for buyers. Georg Chmiel, executive chairman of Juwai IQI, said: "Anyone who can bring their transaction forward to 2020 from next year or even later is doing so. Not only will the holiday expire, but foreign buyer stamp duty rates are set to climb by two per cent next year." According to Chmiel, a large segment of Chinese buyers are purchasing property to house children who are studying in the UK as well as investors purchasing build-to-rent property, especially in second-tier cities, like Manchester and Bristol.