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Are private Chinese property investor's moving into the UK in large numbers now, or is it still just a few
This is a red herring. Chinese money has not been relevant in London for 5 years or so (see the failure of Nine Elms). People living and working in the UK just have a lot more equity and access to leverage than you think.
NickCJ
hugo7
I dunno, wasn't going to assume he was dropping 7 figures on a property and then immediately 200k + on an entire replacement single story extension + lush magazine quality kitchen. Might just want it to be functional for a bit whilst they work their way around all the rooms.
Saying that, literally without fail, every property thats sold near me (Glasgow) thats been on our 'hit' list thats sold since early 2020 has 1) Gone for more than anything else on the entire street, despite being firmly in our 'hit' list, because its a pile and the only way we could afford one of the actual houses 2) despite new owners paying between 2x and 6x brand new mk8 Golf GTI over and above the asking price (which was already a joke), they've gone ahead and dropped north of 100/200k on an entire floor to ceiling glass murder window grand designs kitchen extension. 3) Some of them have then sold on again and somehow still made a profit (before tax, though suspect folk like this know how to avoid capital gains). So maybe they will do that.
Not mean't to sound like a rant, just perplexed by the incredible insanity that is the UK property market, its like Toronto's property market, but on an almost country wide scale. Are private Chinese property investor's moving into the UK in large numbers now, or is it still just a few? Briefly lived in Shanghai and was in total awe/shock of the way things work there and the cost.