Average house prices in the UK have risen by 59% since the last year of the Rabbit

This Chinese New Year ushers in the wonderful and auspicious year of the Rabbit, which symbolizes patience, peace and prosperity.  Since 2011 when we last experienced a Rabbit-year cycle – an incredible 59% increase has been witnessed in UK house prices with annual growth peaking at 10.1% in 2021. With favourable exchange rates this lunar new year brings good news for Chinese investors considering buying property within prime central markets like London; offering discounts as high as 10%.

  • Since the last year of the Rabbit in 2011, average house prices in the UK have risen by a total of 59%, with an average annual rate of 4.5% per annum. The largest annual growth in this period was 10.1% recorded in 2021.
  • Buyers from China play an important role in the prime central market in London, particularly the new build market and are currently able to get a 10% discount on property prices in the UK due to the exchange rates alone.
  • A total of 204,646 residents (0.4% of total) aged 3 and over living in England and Wales have Chinese (Mandarin, Cantonese or Other Chinese) as their main language, according to the Census 2021. Source: Dataloft, Nationwide

Share this story

Scroll to Top