RCA in the News

Chinese Investors Back Away From Global Property Markets

The Wall Street Journal / January 1st, 2019

The Wall Street Journal reports: Chinese investors will likely continue beating a retreat from the world’s top commercial real-estate markets in 2019, adding to the downward pressure on prices from rising interest rates.

For years, the increasing flow of Chinese capital, alongside investments from other foreign countries, helped push property values higher. But now, the opposite is happening as Beijing continues its tight restrictions on capital outflows.

Chinese conglomerates and other institutional investors sold $233.3 million of European hotels, office buildings and other commercial property in the third quarter, while purchasing only $58.1 million of European property, according to data from Real Capital Analytics. In the U.S., they offloaded more than $1 billion while purchasing $231 million during the same period.

Read the full article on The Wall Street Journal: Chinese Investors Back Away From Global Property Markets