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It seems buyers from China and Hong Kong are unaffected by the uncertainty caused by the UK's decision to leave the European Union as they continue to purchase properties in London.
This is in contrast to other international real estate investors, who are said to have stayed away from the London property market post the Brexit vote. While, this has caused less than half year-on-year decline in investment flows into London's commercial property market, the purchases by Chinese and Hong Kong based buyers is said to have offset this decline to a certain extent.
Branson’s closest friend, who prefers to remain anonymous, says, “Richard rarely makes public statements. So when he makes an announcement like this, it’s about something he really believes in. I’m surprised he would reveal this to the public.”
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