Foreign investors who invested in the real estate of the Middle Kingdom were disappointed, as they did not receive a quick profit, which was counted for recently.
The manager of the American investment fund considered the possibility of acquiring several objects in China, reports China Daily. But soon the potential investor refused proposals and sold positions from the portfolio of the fund in order to avoid losses in the Chinese market.
The manager spoke about the views on the Chinese real estate market. He expressed irritation, the reason for which lies in the impossibility of achieving investment goals in China. The correction of the local market did not add to shopping opportunities, as was the case in Europe and the USA, ”he believes.
According to the businessman, it became clear that the fund saved only a few objects in China. This is a diversification of risk, not an investment related to profit.
Head of Colliers International J. Wong called the case with the manager of a rather typical. According to Vong, foreign capital leaves China. Wong noted that foreign capital played a special role in rising prices for Chinese assets. This speculative capital moves around the world in search of fast profit in the near future. The fact that the speculators are leaving China, according to Vong, is explained by uncertainty in the global economy and fears before the collapse of the Chinese real estate market. Experts believe that the outflow of money will not hurt China, since this is not a long -term trend. He emphasizes that the authorities should create conditions for internal investors who will keep the market from the fall.