A recent Juwai report shows over three quarters of Chinese travelling internationally in 2018 will consider buying property abroad, reports Australia China Business Review (14 March 2018). According to the 'Chinese Consumer International Travel Survey 2018 Report' from Juwai.com, China's largest property portal, 92 per cent of Chinese consumers intend to travel overseas this year – of which 77 percent had property purchase intentions in mind. The report further revealed that Chinese buyers liked to keep their options open when selecting where to invest. “81 percent disclosed they have researched in two countries or more, with 56 per cent professing having spent more than a year on researching properties in the countries,” quoted the report, which also revealed the US to be the top investment destination for Chinese respondents, followed by Australia. This correlates with another Knight Frank report, which found that a third of Australian development sites sold in 2017 went to Chinese buyers.
