As Chinese buyers flood the real estate market in Western cities, officials are seeking to curtail the trend — to no avail. Chinese investors drove an estimated $100 billion in property purchases outside China in 2016, the Wall Street Journal reported. Though the foreign capital was welcome after the financial crisis, officials in Canada and Australia are now concerned price bubbles threaten their regional economies, the report said. Governments “are still at the trial-and-error stage,” […]
source https://therealdeal.com/2018/06/07/western-cities-are-struggling-to-stem-the-flow-of-chinese-buyers/
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