Article 17WPR Poetry or property punts: what's driving China's love affair with Cambridge?

Poetry or property punts: what's driving China's love affair with Cambridge?

by
David Cox
from Economics | The Guardian on (#17WPR)

House prices in Cambridge have risen 50% since 2010 - caused in part by Chinese investors whose passion for the city may have begun with a poem they learned at school. But what do local residents make of this romantic vision?

On the edge of Scholar's Piece, the strip of farmland just behind King's College, lies a granite stone which has become arguably Cambridge's most coveted tourist attraction.

For the many students who amble past it every day, it's easily missed; placed rather innocuously next to the bridge that joins Scholar's Piece to the rest of the college. But for the thousands of Chinese tourists who travel to Cambridge every year, it is this, rather than the city's grand 15th-century chapel, meticulously manicured lawns or historical statues, that they've come to see.

We don't want our housing market going through a boom-or-bust cycle based on the Chinese economy

Related: Gentrification X: how an academic argument became the people's protest

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