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Chinese buyers bolstering Sydney luxury property, but Chinese property market under pressure
By Juwai, 17 August 2012
Chinese buyers are boosting the Sydney property market, and local real estate agents are well aware.
With declining economic outlooks in thier home markets, Chinese are looking overseas to purchase property. It is seen as a well worth investment, and doubles as a safe haven for their wealth.
Chinese investment has flowed into places such as Hong Kong, Australia, the US, Singapore, and the UK. Their presence in these markets is on the rise, and in cities like Hong Kong are playing a large role in driving up property prices.
Read more from this story on Property Observer.