Chinese investment into central London real estate has dropped to its lowest level in two and a half years as an influx of cash from mainland China and Hong Kong slows to a trickle.
Buyers from Hong Kong and China bought £432m of London commercial buildings in the first three months of 2018, according to the property consultants Cushman & Wakefield – a level last seen in 2015.
That followed a year in which Chinese and Hong Kong buyers poured close to £7bn into London property, including snapping up two of the capital’s best-known skyscrapers, the “Cheesegrater”, or Leadenhall Building, and the “Walkie Talkie” at 20 Fenchurch Street.
