The Black Brick team wishes everyone a very happy Chinese New Year!
High Net Worth investors from China are expected to grow even more prosperous in the Year of the Goat. The recently published Hurun Global Rich List 2015 found that China accounts for 23% of the world’s billionaires. With a projected annual GDP growth rate of over 7%, high net worth individuals in China will be an increasing source of investment flows into London’s property market. Recent research commissioned by international law firm Pinsent Masons estimates that over £36bn of investment is expected to flow from China into UK real estate between now and 2025, and by 2025 annual Chinese investment into the UK will reach £30bn. Hurun has also revealed that one in every three wealthy Chinese owns property overseas. These properties are mainly for residential use, property investment, or a place for their children to stay while studying abroad. Britain is one of the top 10 favoured destinations by Chinese property investors.
Interest in the London real estate sector is growing and is not just limited to individual investors – China Minsheng Investment Corp has recently chosen London for its first major international investment project. It will be leading a consortium investing over £2bn in London’s financial district. There is recognition from individual and corporate investors that London property is a hugely attractive asset class. What’s important though is that individual buyers are properly advised and represented. Black Brick – the prime London property buying agent – has a dedicated team assisting high net worth clients from China.
Coinciding with Chinese New Year, Black Brick is delighted to launch a Chinese version of its website. This is a further development positioning Black Brick as a leading property buying agency for Chinese investors with an interest in the London market. Information on Black Brick’s services as well as a range of case studies can be found on www.black-brick.com/cn We are now on wechat, a popular Chinese version of whatsapp which allows you to chat instantly with each other through both text and voice recording as well as sharing news and updates. Black Brick’s wechat ID and barcode can be found on our new Chinese website.
Camilla Dell, Managing Partner of Black Brick, says: “London property can be a very attractive investment opportunity for investors and our clients are seeing consistently high and growing returns. The London property market offers a number of options and opportunities so it is important that buyers are properly advised. Black Brick is an independent buying agency representing the interests of buyers, many of whom now come from China. In this New Year of the Goat the Chinese are expected to be the biggest overseas spenders in the UK. For these reasons we are delighted to be launching a new Mandarin website to cater to the needs of our client base in China”.
A person born in the Year of the Goat is said to be calm, thoughtful and extremely successful. Many rulers, key political figures, and poets in the Chinese history were born in the Year of the Goat. In the West, famous ‘goats’ include Mark Twain, Bill Gates and Julia Roberts. Rich and famous seems be the theme for the Year of the Goat.