70% of household wealth in China consists of real estate

Many agents across the world are sometimes wondering why Chinese are buying so much real estate. Firstly, many of them certainly have the financial means, and secondly, real estate is the most important way for Chinese to build wealth.  

Many (if not all) middle income and upper income class Chinese have been investing in real estate in China itself for many years.  Most of them have become rich doing so and are now looking to diversify that new money out of China.

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