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London Property Market To Get £52Bn Asian Investment

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http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8371900/London-property-market-to-get-52bn-Asian-investment.html

Buyers from Indonesia, Thailand, Taiwan and China will be the latest to target commercial property deals, according to research from property agent Jones Lang LaSalle (JLL).

Asian investors are the dominant force driving demand and should this year overtake the Middle East as the largest buying group. Jones Lang LaSalle said there was more than £52bn of equity seeking acquisitions, with 80pc focused on central London,

China's influence on the London market, which remains the biggest in the world, is poised to grow. The country's sovereign wealth fund made its first UK property investment in 2009 by backing the refinancing of Canary Wharf owner Songbird Estates.

Investors are being attracted to central London properties by their trophy status, the standing of the UK as a global financial centre, a lack of supply of new properties, and the long lease lengths that UK rents offer.

Chris Brett, head of JLL's international desk, said: "We expect investors to move further into 'riskier' style transactions such as short income and development opportunities as occupational markets improve.

Looks like China is slowly buying up the London.

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Is it time to impose the special Foreigner-Owned Property Tax yet? Or should we wait for a few more suckers to buy in?

If it's an essentially Chinese property bubble in London, made up from Chinese property speculators buying and selling to each other, it will burst one day. Then there'll be no money left to pay the property tax.

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isnt there a restriction on foreign exchange ? you cannot convert your yuan or spend dollars easily, so its difficult for individuals to buy, unless its a very specific investment.

commercial property, i.e something that has a business purpose, is very different to just buying up houses, which i dont think they can or will.

Edited by mfp123

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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