No homebuying sprees expected

The Brexit will have a limited impact on Chinese homebuyers in the United Kingdom because most of those purchases are not made as investments, but for other reasons, said Charles Pittar, chief executive officer of international property listings portal Juwai.com.

Education is the chief reason Chinese buy houses in the UK, Pittar said.

"For most Chinese buyers, it is a long-term game. If they want to buy an apartment for their children in preparation for college, they shouldn't be too worried about the Brexit," said Pittar.