Is a surging China stock market bringing Chinese real estate buyers back?

2020-07-25
China

Booming stock market in China and overseas real estate investmentsA few weeks, the China government told its citizens to go buy stocks. As almost nobody can buy overseas stocks, the reaction was then also not unexpected.  The stock market in China surged 5.7% on the day this news was announced and has continued to go up since then. The result is as expected; Chinese becoming increasily eager to spend their profits on real estate investments - both domestically and internationally. Inquiries for US property have quadrupled over the last few weeks.  This is good news for anyone in the US who is looking to sell their listings to Chinese.  The coronavirus is almost completely under control in China, the economy is restarting, the jobs are coming back and the stock market is booming,  All of these points will contribute to another wave of Chinese looking to spend their money on the asset they usually prefer which is real estate.

However, last Friday the Shanghai stock market plunged 128 points or 3.86%, closing 0.5% lower for the week. This is due to the increasingly tense relations between the United States and China.  Experts believe that this stock market correction last Friday may be short-lived however.,  The Chinese government will continue to push Chinese investors to buy more stocks so most people believe that the China stock market will continue to go up significantly over the next 6 months, with the result of more funds becoming available for overseas real estate investments.  

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