Info

Two Rules | Rule #1 Do Not Lose Your Principal | Rule #2 See Rule #1

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.”

Source: ‘This is just the start’: China’s passion for foreign property | Cities | The Guardian