The Chinese economy is showing weakness and slowing - the Chinese, who have a good savings and high current income, trying to diversify its cash in foreign markets In particular, the inhabitants of the Middle Kingdom continued interest in American real estate - based on AMarkets.
The excitement for real property from wealthy Chinese has led to a rise in prices in the segment in markets such as Sydney, New York, Hong Kong, Vancouver. Of particular interest are the United States. The Chinese have spent nearly $ 30 billion to US homes for a year (to March), thus becoming the largest foreign player in American homes. The average purchase price - $ 832,000. In another region - Australia - expected to buy homes will double from current levels by the end of the decade. The excitement on the part of Chinese property in Vancouver sparked a doubling of prices over the last 10 years. In Hong Kong, prices have risen by 60% since 2010 - also thanks to the rich Chinese residents.
In the past year, according to UBS Group, the Chinese spent on foreign real estate $ 324 billion. According to estimates Goldman Sachs, from the beginning of 2015 the Chinese have invested in foreign real estate $ 200 billion. The most significant inflow of capital was seen after the August drawdown of the stock market of China against the backdrop of a massive devaluation yuan. You may ask - how the Chinese manage to rid the country so much capital on the background of fairly rigid exchange restrictions by the authorities? It's simple. "Thank you," the shadow of China's financial sector.