To cope with the increasing number of High Net Worth Individuals (HNWIs) from China exploring the London property market, independent property buying agency Black Brick has launched a Chinese website to strengthen its position and Asian offering in the London market.
The United Kingdom is one of the top ten favoured destinations for the Chinese to invest in property. Recent research commissioned by international law firm Pinsent Masons estimated that more than £36 billion worth of investment is expected to flow from China into U.K. real estate between now and 2025. By 2025 annual Chinese investment into the U.K. will reach £30 billion.
Much of this investment will be in the residential market with many Chinese buyers looking to invest their assets in the London property market and others wanting to house their children while they study at some of the top schools in the country.
Camilla Dell (pictured), Managing Partner of Black Brick, said: “The London property market offers a number of options and opportunities, so it is important that buyers are properly advised.
“This year Chinese are expected to be the biggest overseas spenders in the U.K., and as such, along with the recent appointment of Grace Ding, a fluent Mandarin speaker with experience working in China, we are launching our website in order to cater for the needs of these clients.”
Black Brick’s dedicated Chinese website went live last week, and the company has a presence on wechat, a popular Chinese version of Whatsapp, which allows instant chat through text and voice recording as well as sharing news and updates.
Black Brick is an independent property buying agency founded by Camilla Dell in January 2007, covering London and the Home Counties (Kent, Surrey and Sussex) and acting for buyers with budgets of between £500,000 and £50 million+. The company has purchased more than £600 million worth of property, with 60 percent of its buyers being international,
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
