国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

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
...
和田市| 乌拉特后旗| 临朐县| 万宁市| 广安市| 钟山县| 临颍县| 石城县| 化德县| 乌兰县| 澄迈县| 舞阳县| 卓资县| 玛沁县| 固始县| 黑山县| 大姚县| 连云港市| 江华| 西充县| 余姚市| 班玛县| 郎溪县| 广西| 竹山县| 张北县| 揭西县| 扎兰屯市| 略阳县| 定南县| 富顺县| 万全县| 湖南省| 邢台市| 巴塘县| 交城县| 宜黄县| 林芝县| 阿拉善右旗| 阿坝县| 井陉县|