Tensions with US not affecting global capital flows in real estate market: report

2018-05-24 13:27 Global Times

  Ongoing trade tension between China and the US has not impacted robust growth in cross-border capital flows in the real estate market, according to a report from global property market research firm Cushman & Wakefield.

  Since US President Donald Trump was elected in November 2016, cross-border capital flows into real estate markets in Asia and Europe soared 46 percent and 8 percent, respectively, as of March 18, the report said on Tuesday.

  The domestic real estate market remains attractive to foreign investors, the report said, adding that given China's robust economic growth, the capital flows into the market are expected to further increase in the future.

  The China-US trade spat "is a non-factor" because investors are concerned about interest rates and market activity rather than trade, Kevin Thorpe, chief economist at Cushman & Wakefield, told the Global Times on Tuesday.

  "Most believe that a compromise will be reached," he said, noting that a recent agreement between China and the US to avoid a brewing trade war is a "step toward compromise."