Penny (Head of China Desk at Benham and Reeves)

Throughout 2022, we’ve seen growing demand for homes in London from both Hong Kong and Chinese nationals. Firstly, Hong Kong professionals continue to move to the UK using the government’s BNO visa scheme and secondly, Chinese students have again been taking up places at London universities after more than two years of Covid lockdowns.

The last few weeks have seen some political turmoil in the UK but when it comes to London property, one driving force in the market has remained strong – Hong Kong and Chinese buyers. 

Chinese students are driving demand for rental accommodation in London over the summer as they return to university or take up new places now that Covid restrictions have eased. The number of Chinese students arriving in the UK is increasing and now appears to be similar to pre-pandemic levels.

Our China desk continues to see rising demand from both Chinese and Hong Kong buyers and renters, particularly Hong Kong BNO visa holders moving to the UK.   The months of June, July and August are peak times for rental and sales enquiries as many expats wish to settle down in London with their families before …

Continue reading “Peak season for sales and rentals as Hong Kong and Chinese expats search for a London home”

We are seeing strong and increasing demand from Hong Kong professionals looking to find a home in London.  Many are moving to the UK under the BNO visa scheme and usually they decide to rent here first, perhaps for six months to a year, until they get to know an area and decide that this …

Continue reading “Strong demand for London property from Hong Kong and Chinese buyers and renters”