No lift in Chinese property buyers

Advertisement

Let’s hope that this continues:

Chinese buyers are returning to the local property scene as international borders open up again but experts have warned there will not be a torrent of capital to match the apartment boom.

…“It is reasonable to a assume a pick-up over the next six months or so, but the evidence from our recent survey of 1600 middle-class Chinese points to more of a steady stream rather than torrent, which may come as a surprise,” CLSA local property research head James Druce said.

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.