London properties are back in favour with Hong Kong investors seeking to protect their wealth from negative returns in a zero interest rate environment at home, according to analysts.
'The period from September 2008 to March 2009 was probably the worst sales period for British properties that we have had in the last 14 years,' said Darien Bradshaw, the regional director of Colliers International's Hong Kong office.
'But the last two months have been among the busiest on record. The market has completely changed.'
Tina Ting, the head of British residential property at Savills Hong Kong, said investor interest in British properties had grown significantly over the last few months.
South China Morning Post