Residents near China's London 'mega' embassy face property sale difficulties
UKPulse Property Desk
Neighbours of China's planned London 'mega' embassy are reportedly struggling to sell their flats, with concerns over surveillance, nuisance, and leasehold issues.
- Beijing owns the freehold to approximately 100 flats near the Tower of London.
- Concerns include potential surveillance, nuisance, and leasehold problems.
- The situation is reportedly making it difficult for neighbours to sell their properties.
Residents living near the proposed site of China’s 'mega' embassy in London are reportedly encountering difficulties in selling their properties. Beijing holds the freehold to around 100 flats situated close to the Tower of London.
These difficulties are said to stem from fears among potential buyers regarding surveillance, nuisance, and various leasehold problems associated with the embassy's proximity.
What this means for you: If you own property near the planned Chinese embassy, you may face challenges when attempting to sell your flat.