Property News · February 24, 2019

Chinese overseas property buying plummets 63 per cent in 2018, hitting four-year low


Property buying by mainland Chinese investors hit a four-year low of US$15.7 billion in 2018, plummeting 63 per cent year on year amid weakening sentiment, tightener policies and growing economic headwinds, according to a survey.Hong Kong was one of the bright spots.The city ranked as the top destination for mainland overseas property buying a second straight year, at US$9.5 billion. But still that was a 20 per cent decline year on year, according to data in the fourth annual survey conducted…

Source : South China Morning Post
Read more…Chinese overseas property buying plummets 63 per cent in 2018, hitting four-year low

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