Chinese Pullback Won't Dent Real Estate Prices, Brookfield Says

Monday Aug 21st, 2017

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Commercial real estate prices, hovering at record highs in the U.S. following a six-year boom, are sustainable even as Chinese regulators tighten restrictions on overseas investment, according to Brookfield Property Partners LP. There is enough capital pouring into real estate from multiple regions -- including Europe and the Middle East -- to counter any potential slowdown in Chinese investment, Brookfield Property Chief Executive Officer Brian Kingston said in a Bloomberg Television... [read more]

Chinese millennials increasingly use apps to buy homes abroad

Tuesday May 9th, 2017

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  While millennials in the U.S. are often known as perennial renters, their counterparts in China are snapping up overseas homes on their smartphones. Apps like Uoolu, which helps buyers open bank accounts and apply for mortgages in other countries, enable Chinese millennials to easily purchase foreign properties, the Wall Street Journal reported. These young buyers are driven by a weakening yuan and increasingly strict controls on the amount of capital permitted to leave the... [read more]

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