综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Industries

Wealthy seek shelter in foreign housing market

(Agencies) Updated: 2015-07-14 07:59

Wealthy seek shelter in foreign housing market

A man walks past a "For Lease" sign on display outside a building in the Western Australian capital city of Perth March 5, 2015. [Photo/Agencies]

Real estate agents in Australia, Britain and Canada are bracing for a surge of new interest in their already hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai's equity markets.

Sydney agent Michael Pallier said that in the past week alone he has sold two new apartments and shown a $10.3 million house in the harborside city to Chinese buyers looking for an alternative to stocks.

"A lot of high net worth individuals had already taken money out of the stock market because it was getting just too hot," said Pallier, the principal of Sydney Sotheby's International Realty. "There's a huge amount of cash sitting in China, and I think you'll find a lot of that comes to the Australian property market."

Around 20 percent has been knocked off the value of Chinese shares since mid-June, although attempts by the government to stem the bleeding are having some effect.

Many wealthy investors had already cashed out. Major shareholders sold 360 billion yuan ($58 billion) in the first five months of the year, compared with 190 billion yuan in the whole of last year, according to Bank of America Merrill Lynch.

In London, Alex Newall, managing director of super prime residential agent Hanover Private Office, said he had seen an increase in interest from Chinese investors at the top of the market, although no transactions yet.

Australia and Canada are also gaining popularity and have an edge because of their weakening currencies.

However, there are also concerns that Chinese investors who did not bail out of stocks quickly enough will be a dragon international property markets, particularly after Beijing on Thursday banned shareholders with large stakes in listed firms from selling for six months.

In London, Naomi Heaton, the CEO of London Central Portfolio, said she had heard of investors pulling out of new-build purchases because they no longer had the capital.

Hot Topics

Editor's Picks
...
襄垣县| 丰台区| 云梦县| 溆浦县| 颍上县| 四子王旗| 天祝| 临高县| 临西县| 尚志市| 通渭县| 仁布县| 屏边| 成安县| 大丰市| 惠安县| 常山县| 新平| 宁都县| 扶风县| 修武县| 昌吉市| 融水| 云林县| 抚远县| 庄河市| 阿克| 刚察县| 丹巴县| 宜州市| 南召县| 海口市| 新宁县| 惠州市| 赣州市| 苗栗市| 潼南县| 贵德县| 赤城县| 白山市| 柘荣县|