City Of London
Chinese Parents Seek Flats for Their Kids in London’s New Towers
As China makes it tougher for students to join top schools, many parents see the UK as the best place for their offspring — and their property investments
Residential developments in Canary Wharf, London.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
Choosing a school is a big decision for any parent. For a growing number of China's wealthiest, it's a decade-long process that plunges them into London’s pricey real estate market.
In the search for accommodation for their children, these buyers seem willing to brush off relatively short-term issues like Covid-19 travel restrictions, annual caps on moving money out of China and any potential fallout from the recent sanctions on Russia’s richest.