Chinese homebuyers and investors are looking for a place to invest their money, and real estate is the most attractive possibility. There has been a surge of Chinese investors flocking oversees, looking to invest for various reasons. Cross-boarder migration of capital has accelerated as the Chinese yuan has depreciated (current conversion rate of 1 US Dollar equals 6.90 Chinese Yuan). This is driving Chinese homebuyers to look for investment alternatives to get their money out of the country. Additionally returns on local financial assets, such as stocks and bonds are decreasing as well.
Leading real estate portals predict global real estate holdings, including commercial and residential properties, will increase to $220 billion by 2020 from $80 billion in 2015.
Read more about the cross-boarder residential boom on Bloomberg.