Property News · July 18, 2019

Chinese investment in US homes contracts by the most in nearly 10 years as trade war, capital controls bite


Chinese buyers pulled away from the US residential market in the past year, as the trade war and tighter capital controls led to a 56 per cent decline in investment – the biggest contraction since at least 2010, according to the US National Association of Realtors.Still, their investment of US$13.4 billion in the 12 months to March 2019 was the largest – 11 per cent – among all foreign buyers for the seventh straight year. But China’s 56 per cent retreat was much sharper than the 36 per cent…

Source : South China Morning Post
Read more…Chinese investment in US homes contracts by the most in nearly 10 years as trade war, capital controls bite

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