Wealthy Chinese buyers are buying luxury homes in hotspots like Shanghai, Seoul and Sydney as coronavirus restrictions ease, reports South China Morning Post (26 May 2020). By buying overseas luxury properties, Chinese hope to guard their wealth against anticipated inflation and a weakening yuan. According to data from Juwai IQI, Chinese buyer enquires for South Korean property jumped 180 per cent in the first quarter of 2020 compared with the fourth quarter of 2019, while enquiries on New Zealand homes increased by 75 per cent.