Brexit not seen affecting stability of UK property market

Britain has always been a top destination of cross-border capital, predominantly the office and high-end residential properties in London. These properties in particular have attracted a high level of interest from the Middle East, Eastern Europe and Asia-Pacific (primarily mainland China and Hong Kong).

Generally speaking, I believe a mature, stable property market, a well-developed, transparent law system, and advanced financial services have all contributed to the privilege and charm of the British market.

Chinese investors have shown strong interest in recent years, which has much to do with the depreciation of the renminbi combined with rising house prices.

As the Chinese pursue opportunities in overseas markets, Britain appears a favourable market given the language advantages as well as all the benefits from the “golden decade” of the China-UK relationship.

Before the referendum

The impending referendum on whether Britain should remain in the European Union will undoubtedly cast uncertainties over the stable British property market, which is unlikely to persist, resulting from investors’ concerns over Brexit’s impact on the financial sector.