"China is so big,” marvels Victor Li, using his fingers to count all
the cities he has flown to over the last 12 months to meet with
cash-rich Chinese buyers interested in buying into a real-life game of London Monopoly. Li, a director of international project marketing for the US real
estate giant CBRE, is predicting a surge of eastern investment in
British homes over the next decade, as increasingly affluent Chinese
investors acquire a taste for international property.
“I think it is just beginning,” says Li, of the amount of money pouring into property around the world from mainland China. “You do the figures: China has a population of 1.4 billion. If you target only 1% of China’s population, that’s 14 million people – so it’s already almost two Londons.” Sitting in his office overlooking Hong Kong’s skyscraper-dotted Victoria Harbour, Li estimates that just 3% of potential Chinese investors in overseas property have so far been found – meaning a virtually untapped goldmine lies over the border in mainland China. “China is a big market, you know?” he says. “They are getting wealthier and wealthier.”
Read complete story on The Guardian.
“I think it is just beginning,” says Li, of the amount of money pouring into property around the world from mainland China. “You do the figures: China has a population of 1.4 billion. If you target only 1% of China’s population, that’s 14 million people – so it’s already almost two Londons.” Sitting in his office overlooking Hong Kong’s skyscraper-dotted Victoria Harbour, Li estimates that just 3% of potential Chinese investors in overseas property have so far been found – meaning a virtually untapped goldmine lies over the border in mainland China. “China is a big market, you know?” he says. “They are getting wealthier and wealthier.”
Read complete story on The Guardian.
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