Chinese property investment has further to fall

Advertisement

Via Domainfax:

The amount of cash flowing out of China into property has halved within a year but Australia is still the preferred destination for Chinese investors able to get their money out.

In its latest report, real estate firm Cushman & Wakefield and Real Capital Analytics (RCA) says mainland China’s third quarter total outbound real estate investment plunged 51 per cent year-on-year to US$2.5 billion, the lowest total in 14 quarters, or since the last quarter of 2013.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.