Can’t afford London? Try Beijing or Shanghai

Investors in luxury residential real estate should look to Beijing and Shanghai, where prices should ultimately rival those in capitals such as London or New York, argues a 24-year veteran of Asia’s property markets. Investment from Asia’s wealthy has been rising fast into cities such as London, New York and Paris in recent years. But it may be time to look closer to home, particularly in China, said Frank Marriott, Asia-Pacific head of real estate capital markets at property serv…