Outbound realty investment doubles in 2015
By Wu Yiyao in Shanghai | China Daily | Updated: 2016-05-03 08:09
Chinese outbound real estate investment continued to grow with the support of policies like the Belt and Road Initiative, reaching nearly $30 billion in 2015 and doubling that of 2014, a report by the global property consultancy Knight Frank said.
Most of the investments were in gateway cities such as New York, London, Sydney, and regional hubs like Chicago and Seattle.
A Knight Frank analyst forecast further growth in outbound real estate investments this year despite the Chinese economic slowdown.
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