Ren Media
Ren Media
Published on 1st July 2010
Some amazing figures being seen in property news recently.
Chinese buyers are really stepping up their game and starting to spread their wings.
- Data from real estate broker Knight Frank showed more than one in 10 new-build residential properties in London were sold to Chinese or Hong Kong buyers in the year to March, the highest share of the market by any offshore investors.
- UK real estate services company Curzon Investment Property say their client base is now 75% Chinese, from 95% expatriate UK investors five years ago.
- In Hong Kong, a fifth of luxury apartments are purchased by mainland Chinese, said Alva To, head of consulting for North Asia at property broker DTZ, citing industry figures.
- China's gross aggregate savings rate now tops 50% of gross domestic product, by far the highest of any big economy, with disposable income among the urban population rising 10% in 2009, official data showed.
- More than 90% of China's households own the home they live in. While more than a quarter own a second property, a report from Asian brokerage CLSA said.
from an article on moneycontrol.com
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