An ever-increasing number of Chinese property investors are looking to broaden their portfolios with property outside of their home country. The news comes as the Chinese government begins to implement yet more tightening measures on the sector, which are restricting domestic opportunities.
According to Real Capital Analytics, companies based in the country have invested USD 62.6 million in the US real estate market this year. While statistics from the US National Association of Realtors also show that investors from China are the most likely foreign buyers purchasing the top US properties.
Colliers International said in a report on Monday that Chinese buyers from the mainland continue to be dominant. "Due to China's continuous tightening real estate policies, we are expecting many more mainland investors to buy properties overseas in the future," the company reported.
Furthermore, Chinese investors spent about USD 260 million buying newly-built properties in central London in the 12-month period ending March 2010
, real estate agent Knight Frank added.
- Friday 22 October 2010