In the first half of the year the Chinese most actively invested in real estate in London, San Francisco and Chicago, reports ee24.com citing propertywire.com.
From January to June 2014 citizens of China have invested in overseas property around €4 billion, of which €3 billion in commercial real estate and €1 billion in residential one. Total investments increased by 17% y-o-y, primarily due to the housing (+84%).
The capital of the United Kingdom, known as a safe haven due to the constant rise in housing prices, continues to attract money from abroad. Only in Q2 2014 the Chinese have purchased property in the amount of €1,7 billion. In San Francisco they've spent €408 million, in Chicago - €346 million. Among other leading destinations there are Sydney, Madrid, Melbourne and Los Angeles.