Yuan drop risk boosts appetite for property abroad in China


Chinese investors are looking to increase their offshore investments in the next two years to hedge against the risk of a falling yuan with real estate being their favourite asset, according to China’s Juwai.com.

The site, a platform for Chinese investors looking to buy property globally, said that a stable growth outlook for the Chinese economy and a limited impact from recent capital controls imposed on personal finances ensure strong interest on outbound Chinese property investment.

“In fact, 60% of China’s high net worth individuals (HNWIs) plan to invest in overseas property over the next three years – that means approximately 800,000 Chinese real estate buyers are looking to purchase overseas,” said Juwai.com, citing figures from The Hurun Research Institute.

The full report on Juwai.com can be seen here.

#China #Chinese #property #realestate #Juwaicom #news #yuan #devaluation #Greece

© 2019 by The Greek Guru. 

  • Facebook B&W
  • Twitter B&W
  • Pinterest Social Icon
  • YouTube Social  Icon