Printer Friendly

United Kingdom : SCOTLAND becomes go-to alternative for CHINESE property buyers.

A specialist website says that Scotland is becoming the go-to alternative for Chinese real estate buyers as an option to overpriced London. now lists more than 50,000 Scottish properties for the Chinese market and its co-chief executive Andrew Taylor said : "At the current rate of growth, by 2020 there will be twice the annual Chinese investment in the UK as there is today. While Chinese are buying Scottish property at an increasingly rapid rate, actually only a small stock of homes are owned by Chinese citizens, because they've only begun buying very recently. There is significant untapped demand."

According to Taylor, education is a major driver for Chinese buyers.

He said : "Not only are they investing in property, but they are purchasing a home for their children to live in while studying overseas. For Europeans, it is often hard to understand how important an international education is to parents in China. An education in a Scottish school or university opens the door to the world for a student from China."

2015 Al Bawaba ( Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2015 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Geographic Code:4EUUK
Date:Mar 9, 2015
Previous Article:United Kingdom : British Energy giant to invest $12 billion in EGYPT GAS-FIELDS.
Next Article:United Kingdom : $US12b investment in Egypt gas revealed by BP.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters