Source:
https://scmp.com/property/international/article/1296412/hong-kong-investors-snap-older-properties-london-hotspots
Property/ International

Hong Kong investors snap up older properties in London hotspots

Wealthy Hongkongers are among those buying to renovate and rent, or sell on to other Asians

Kensington and Chelsea is one of the top areas. Photo: Bloomberg

Wealthy Hong Kong and mainland Chinese property investors are snapping up homes in London's second-hand market, buying multiple properties to improve, rent out, and sell on to other Asian buyers.

Guy Meacock, director at buyers' agency Prime Purchase, has helped a Chinese businesswoman buy seven central London properties. She has bought multimillion-pound flats with two or three bedrooms in London's most expensive boroughs - Westminster, and Kensington and Chelsea.