Amid domestic economic slowdown, deep pocketed Chinese investors are increasingly looking at the global market for higher returns. Property is among the most popular sectors receiving funds from China.
An industry report says overseas property purchases are likely to have surpassed $20 billion in 2015. That’s compared with the $14 billion registered in 2014.
The United States, Britain and Australia have become favorite destinations for property purchases for Chinese.
CCTV America’s Michelle Makori spoke with Amir Korangy, the Publisher of Real Deal magazine.