Most of Chinese investors, the largest buyer group globally, won’t buy overseas property in next 12 months because of Covid-19: CLSA survey

//Most of Chinese investors, the largest buyer group globally, won’t buy overseas property in next 12 months because of Covid-19: CLSA survey

Most of Chinese investors, the largest buyer group globally, won’t buy overseas property in next 12 months because of Covid-19: CLSA survey

The coronavirus pandemic has put Chinese buyers off international real estate, a survey conducted last month by brokerage and investment group CLSA has found.CLSA polled 1,600 respondents in 234 Chinese cities and found that 82 per cent had no intention of buying overseas property in the next 12 months. About 57 per cent said they felt less of an incentive to buy because of the pandemic, compared to just 1 per cent that said they felt incentivised.“It appears Covid-19 had quite a negative…

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By | 2020-12-17T00:30:11+00:00 December 17th, 2020|Business|Comments Off on Most of Chinese investors, the largest buyer group globally, won’t buy overseas property in next 12 months because of Covid-19: CLSA survey