Chinese invested 40 billion USD buying residential properties abroad

Asian investors accounted for 52% of the record US$1.62 trillion of capital deployed for all kinds of property investments globally last year, which topped 2016's US$1.43 trillion. However, Chinese changed their strategy of buying overseas real estate.  Now Chinese are much more focused on investing in smaller and less expensive houses.  This is due to the strict capital controls that the China government has put in place. There are also implications on the time of completion of a deal.  Based on research conducted by East-West Property, it now takes more than 6 months to close a deal when Chinese want to buy a house in the US.