World’s Biggest Real Estate Frenzy Is Coming to a City Near You – Bloomberg
Welcome to ground zero for the world’s largest cross-border residential property boom. Motivated by a weakening yuan, surging domestic housing costs and the desire to secure offshore footholds, Chinese citizens are snapping up overseas homes at an accelerating pace. They’re also venturing further afield than ever before, spreading beyond the likes of Sydney and Vancouver to lower-priced markets including Houston, Thailand’s Pattaya Beach and Malaysia’s Johor Bahru.
Source: World’s Biggest Real Estate Frenzy Is Coming to a City Near You – Bloomberg