Chinese Buyers focusing on London Property Market
Since Brexit, the foreign investors have taken advantage of weak sterling. London property market has been particularly attractive for the Chinese buyers as the Chinese housing market is at a 25-year high.
Our Property Department is one of the fastest expanding in London and has great experience in working with the Chinese investors and private buyers and our property solicitors offer service in Mandarin and Cantonese. We serve a diverse range of clients, including those from the investment sector, developers, lenders and end users such as retail and corporate occupiers as well as private individuals. Our property team deals with transactions of varying sizes ranging from small properties where stamp duty is not payable to significant high-value projects such as Battersea Power Station, One The Elephant, Nine Elms, Glasshouse Gardens, 190 Strand, Aldgate Place, Woodberry Down. Managing all aspects of property projects, we pride ourselves on being part of a multi-disciplinary practice working together on all issues relating to property such as intellectual property rights, litigation issues, planning and development faced by individuals and businesses today. We provide a comprehensive legal service by understanding the market, all over the UK, as well as the business in which you operate.
New Immigration Laws in the UK
From 6 April 2017 employers that sponsor skilled workers under Tier 2 of the immigration points based system will now have to pay a levy of £1,000 for each sponsorship. Small employers and charities will only have to pay £364. In addition, workers arriving in the UK under Tier 2 for positions in education, social care and healthcare must now obtain criminal record certificates from the countries that they have resided in for the past ten years. The Tier 2 salary threshold is also increasing to £30,000.