Overseas real estate investment hits record
Chinese companies invested a record $7.5 billion in the overseas commercial and residential real estate market in the first quarter of this year. The global real estate service company JLLalso reported that transactions in 2015 are expected to hit $20 billion.
Last year, Chinese investors spent a record $17 billion on overseas real estate in the commercial and residential sectors — an increase of 21.4 percent compared to 2013. That year that Chinese companies spent more on overseas commercial real estate than on the domestic market.
While the domestic sector for commercial and residential property slowed last year, overseas investment by Chinese companies reached 52 percent of all real estate transactions, according to JLL.
As for the first quarter, JLL did not provide a breakdown of commercial and residential data or global hot spots.