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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.

Juwai.com 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."

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Publication:Mena Report
Geographic Code:4EUUK
Date:Mar 9, 2015
Words:185
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