(MENAFN) Despite China's recent economic plummet and stock market retreat, its citizen's enthusiasm toward overseas properties has not been affected one bit, based on recent reports.
Abroad property transactions will climb to USD220 billion by 2020 from USD52 billion in 2014 according to Juwai.com, a top foreign property information platform for buyers in China.
Moreover, studied forecasts proves that Purchases will only continue to grow strongly in the next five years as more Chinese enter the middle class, with more global cities grabbing Chinese interest.
Furthermore, the downturn in China's domestic property market actually drove many Chinese developers to rush to Australia to grab land, as it has presented itself as a very intriguing market recently.
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