Photo: Edgar Su / Reuters
Wealthy Chinese buyers have returned to the world real estate market after the stabilization of the situation with the spread of the coronavirus. It is reported Bloomberg.
The Chinese began to buy expensive housing in China and around the world — in Singapore, Australia, New Zealand, South Korea and other countries to avoid financial losses due to the depreciation of the yuan. The most popular properties in Shanghai, Seoul and Sydney. Often deals are made remotely: the buyers make a choice using pictures and virtual tours on homes.
According rielterskoe Agency Iqi Juwai Chinese real estate demand in South Korea in the first quarter of 2020 increased by 180 percent compared to the figure for the previous quarter. New Zealand recorded a 75 percent increase in the number of cases in the UK and the US, by contrast, the demand from Chinese customers decreased by 32 and 18 percent, respectively.
According to analysts, high demand for luxury properties causes a rise in China and suppresses the price collapse in other countries.
Earlier it was reported that in April 2020 Russian citizens beat the Chinese in the amount of purchased real estate in Turkey. Among foreign buyers of Turkish objects are in the lead clients from Iran and Iraq (together they bought a month 260 lots), the Russians in third place (61 lot), the people of Afghanistan — fourth (54), the Chinese — on the fifth (40).
Video, photo All from Russia.