1. LINE

      Text:AAAPrint
      Economy

      Chinese buyers still look abroad for property

      1
      2015-09-17 08:40China Daily Editor: Wang Fan

      Rising prices have drawn more investors from Germany, South Africa and China

      China's recent economic slowdown and stock market rout has not deterred Chinese enthusiasm toward overseas properties, brokers said.

      Andrew Taylor, co-founder and co-CEO of Juwai.com, a major overseas property information platform for buyers in China, told China Daily that consistent online traffic and phone calls showed there is no sign of waning appetite for overseas properties.

      "We believe overseas property transactions will climb to $220 billion by 2020 from $52 billion last year. The era for overseas investment has just begun," he said.

      Simon Henry, another founder and co-CEO of Juwai.com, said the yuan's depreciation would only change investment destinations, because despite the yuan falling against the U.S. dollar, it has risen against the UK pound and Australian dollar.

      "Purchases will continue to grow strongly in the next five years as more Chinese enter the middle class," Henry said.

      While traditional gateway cities such as London, New York and Sydney maintained their popularity, other cities have seen rising Chinese interest. For example, Juwai's purchasing intent index for properties in Queensland, Australia, reached a high in June and was up 17 percent over a year ago.

      Sandra Li, an investment expert with Aoye Immigration Service, which provides migration and investment consultation to Chinese buyers interested in Australia, said she did not see any reduced enthusiasm toward Australian properties at all.

      "The downturn in China's domestic property market actually drove many Chinese developers to rush to Australia to grab land," she said.

      "What inspired me is the rising prices have drawn more investors from Germany and South Africa, so they wouldn't put all the attention on Chinese," she said.

      Henry said the perception of Chinese investors pushing up housing prices in Australia is overplayed. The biggest issue is the short supply, not Chinese.

      The short supply of housing in major cities is so severe that developers purchase a developed site downtown, demolish the old office building and put up a residential project.

      "International buyers still only account for 8 percent of the Australian market, so how can they push up the whole market?" Henry said.

      "An interest rate rise probably would dampen the heat. Actually a bit of a cool down would be good," Li said.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 羞羞的视频在线免费观看| 精品亚洲AV无码一区二区| 婷婷亚洲综合一区二区| 最近中文字幕mv免费高清电影| 亚洲人成亚洲精品| 亚洲国产天堂久久久久久| 成人亚洲性情网站WWW在线观看| 亚洲AV成人一区二区三区观看 | 国产亚洲人成网站观看| 亚洲综合精品一二三区在线| 免费精品一区二区三区第35| 国产亚洲综合网曝门系列| 国产免费网站看v片在线| 国产成人A人亚洲精品无码| 久久免费线看线看| 亚洲国语精品自产拍在线观看| 亚洲a一级免费视频| 亚洲av日韩片在线观看 | 亚洲欧洲尹人香蕉综合| 免费人成大片在线观看播放| 国产精品视频免费| 精品久久久久久亚洲精品| 毛片免费观看网址| 美女裸体无遮挡免费视频网站| 亚洲国产精品第一区二区三区 | 99re免费视频| 亚洲一级特黄特黄的大片| 国产精品嫩草影院免费| 亚洲综合激情六月婷婷在线观看| 日本免费xxxx色视频| 亚洲熟妇无码AV在线播放| 99精品热线在线观看免费视频| 亚洲中文无码a∨在线观看| 日本v片免费一区二区三区| 亚洲av无码不卡久久| 又大又黄又粗又爽的免费视频| baoyu777永久免费视频| 亚洲videos| 国产亚洲精品无码专区| 亚洲大片免费观看| 真人无码作爱免费视频|