Breaking Records: Chinese Outbound Property Investments Pass $100 Billion
Written On August 17, 2017
Juwai has released its Chinese Global Property Investment Report which noted that Chinese investors spent over $100 billion on outbound real estate investments in 2016. Up 25% compared to 2015 and up 845% over the previous five years, this record breaking trend has been fuelled by heavy interest in properties located in the US, Australia, Canada, Hong Kong, and the UK.
With the additional foreign buyer taxes, restrictions on the transfer of oversees capital in China, and the possibility of a slowing Chinese economy, the trend is expected to decrease in 2017 but still remain among the top three years recorded.
Stay in the Loop!
Everybody likes being an insider, especially when it pertains to exclusive and soon to be released properties. Simply enter your email address and we will keep you apprised of upcoming listings.
You May Also Like
Greater Toronto Area REALTORS® reported 5,921 residential transactions through TREB’s MLS® System in July 2017.
The summer has remained busy with happy clients both buying and selling homes throughout the city.
Toronto Real Estate Board President Tim Syrianos announced the release of TREB’s Q2 2017 Condo Market Report. Greater Toronto Area REALTORS® reported 8,223 condominium apartment sales reported through TREB’s MLS® System between April and the end of June. This result was down by eight per cent compared to 8,942 sales reported in Q2 2016.