5 January 2023, Shanghai - Chinese demand for international real estate has grown dramatically in 2022, according to Juwai IQI's China team, which is based in Shanghai.

About 10,000 high-net-worth Chinese are expected to relocate from China this year, bringing with them an estimated US$48 billion, according to investment migration consultancy Henley & Partners.

The only country that is projected to lose more HNWIs this year is Russia.

According to Kashif, the fact that the real estate market appears to be stuck for years is causing a fresh Chinese foreign investment bubble, but it is likely to be more controlled than the one that occurred from 2014 to 2018.

In 2017, at the peak of the Chinese outbound investment boom, Chinese buyers acquired US$119.7 billion of international residential and commercial property.

China now has a large homeownership and investment population. According to a research published in the Cities magazine in October 2020, more than 90 per cent of Chinese households are home owners, and more than 20 per cent are multi-home owners.

Source: New Straits Times