A new report by Juwai IQI, a proptech company that helps Asian buyers purchase overseas property in more than 90 countries, has tracked the impact of the coronavirus on Chinese cross-border real estate buying, reports Markets Insider (27 February 2020). The report stated that Chinese consumers have made more online enquiries but their on-the-ground activity in destination markets has grounded a halt due to the coronavirus outbreak. Juwai IQI Executive Chairman Georg Chmiel said several real estate markets are already experiencing the negative impacts from the epidemic as many people have stopped travelling and are limiting their public activities. "When the coronavirus is brought under control, the pent-up activity may result in an unusually large number of transactions over one or two quarters, as buyers complete delayed transactions," added Chmiel.
