am
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Post by am on Jan 12, 2016 21:39:14 GMT
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 12, 2016 21:45:37 GMT
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hendragon
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Post by hendragon on Jan 12, 2016 22:24:57 GMT
From the UK perspective will there be an influx of Chinese capital to the London high-end property market to replace the Greek/Russian money? The unwinding of asset prices can also mean the transfer of capital between assets.
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adrianc
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Post by adrianc on Jan 13, 2016 8:44:21 GMT
From the UK perspective will there be an influx of Chinese capital to the London high-end property market to replace the Greek/Russian money? Perhaps more to the point, where will the next influx come from to replace the Chinese money that's been there for a while?
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Post by gusgorilla on Jan 16, 2016 1:21:36 GMT
My feeling is that if there is a sharp property price correction caused by BTL panic and bubble that it will be mostly London and probably short lived and shallow due to high numbers of people desperate to buy their own places. Worth keeping out of London and considering LTV s though. Could mean a lot of people looking for top up loans to buy when they see a chance, possibly with parents acting as guarantors or even taking out secured loans themselves to help.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Jan 16, 2016 20:10:00 GMT
From the UK perspective will there be an influx of Chinese capital to the London high-end property market to replace the Greek/Russian money? The unwinding of asset prices can also mean the transfer of capital between assets. I'm sure I've read somewhere that Chinese govt is/has restricted the amount of money leaving the country when it comes to buying property assets abroad. Something like £30-£40k only! Can someone confirm/dismiss this?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,871
Likes: 11,097
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Post by ilmoro on Jan 16, 2016 20:22:05 GMT
From the UK perspective will there be an influx of Chinese capital to the London high-end property market to replace the Greek/Russian money? The unwinding of asset prices can also mean the transfer of capital between assets. I'm sure I've read somewhere that Chinese govt is/has restricted the amount of money leaving the country when it comes to buying property assets abroad. Something like £30-£40k only! Can someone confirm/dismiss this? Yes, $50,000 according to this, not sure if its changed since www.wsj.com/articles/china-boosts-efforts-to-keep-money-at-home-1441120882
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,871
Likes: 11,097
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Post by ilmoro on Jan 16, 2016 20:37:02 GMT
edit, drat beaten to it. (Still beat 'im in wiseclerks quiz though)   Maybe you should add that as your status just to make sure everybody knows!!!  
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,871
Likes: 11,097
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Post by ilmoro on Jan 16, 2016 21:01:01 GMT
From the UK perspective will there be an influx of Chinese capital to the London high-end property market to replace the Greek/Russian money? The unwinding of asset prices can also mean the transfer of capital between assets. I'm sure I've read somewhere that Chinese govt is/has restricted the amount of money leaving the country when it comes to buying property assets abroad. Something like £30-£40k only! Can someone confirm/dismiss this? Of course, You & I (& pepperpot) have missed the obvious source. Its in the actual Telegraph article referred to! Doh!!!
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registerme
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Post by registerme on Jan 16, 2016 21:21:56 GMT
From the UK perspective will there be an influx of Chinese capital to the London high-end property market to replace the Greek/Russian money? The unwinding of asset prices can also mean the transfer of capital between assets. I'm sure I've read somewhere that Chinese govt is/has restricted the amount of money leaving the country when it comes to buying property assets abroad. Something like £30-£40k only! Can someone confirm/dismiss this? That's correct as far as it goes, legally, for Mr Joe Public on the Beijing Omnibus. However, according to this week's Economist Chinese USD reserve are down by USD ~700b from their peak. Apparently in December 2015 alone they fell by USD 100b. Not all of this is capital flight, some of it is foreign direct investment, and some of it is likely attracted by rising US interest rates. And they still have some USD 3+ trillion to sit on so..... That having been said a friend of mine is an estate agent for a reasonably well known outfit that sell a lot of high value property in prime areas of London (and country estates etc). According to her the market is at best flat, "there's no Russian money, no Middle Eastern Money, and no Chinese money". In the long term this is probably healthy for all concerned. In the short term I guess it could get a little bumpier.
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