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Economics & Business News

Last year China spent on overseas real estate more than on the domestic

Chinese companies invested a record $7.5 billion in the overseas commercial and residential real estate market in the first quarter of this year. The global real estate service company JLL also reported that transactions in 2015 are expected to hit $20 billion.

Last year, Chinese investors spent a record $17 billion on overseas real estate in the commercial and residential sectors – an increase of 21.4 percent compared to 2013. That was the year that Chinese companies spent more on overseas commercial real estate than on the domestic market.

As for the first quarter, JLL did not provide a breakdown of commercial and residential data or global hot spots. Previous data showed commercial properties, such as offices and hotels, were favorite investments, while the United Kingdom, Australia and the United States were popular locations.

Last year China spent on overseas real estate more than on the domestic