The Juwai.com Global Property Report is a widely available Chinese-language report on global property trends. It provides unique value to Chinese buyers of international property and enables them to make their purchases wisely and based on the best information.
Juwai.com co-CEO Andrew Taylor said:
“Global house-price growth continues and Chinese buyers are not holding back. They not only remain a growing presence in markets long accustomed to their transactions, but are also entering new markets - in search of better price-value ratios and opportunities no longer available in the traditional gateway cities.
“Juwai.com is the only quality Chinese-language source of international property data, and we give Chinese consumers the information they need to make good buying decisions. That makes them feel comfortable about buying overseas and in turn increases the number of transactions.
“Many investment-oriented Chinese buyers scour the market for buying opportunities, places where prices are lower compared to historic averages. This is getting harder to find, since prices rose in 32 countries through 2014. Even so, we don’t see many Chinese buyers rushing into the Ukraine, where prices are indeed low, with the average price of new residential properties 49% lower than in 2013.
“Countries that appeal to bargain seekers include parts of the US, as well as Spain and Portugal, where prices dropped 2% and 0.5% respectively.
“Chinese buyers are now facing a global property market with a mixed bag of countries showing every variation of rapid price growth, moderate price growth and declines in average prices. There is something for every buyer, whether they’re looking for a luxury beach vila, an inner-city apartment or a single-family house.
"Ireland was the fastest-growing market in 2014, with 17% price growth. Europe overall is a strong performer with rapid price growth in a swathe of countries, from 8% in Turkey across to 5% in Iceland.
“Six of the 10 top countries for Chinese homebuyers saw price increases, with the UK leading the pack with a 7.33% increase. Two countries had decreases, with Spain dropping the most, at 1.96%."
Top 10 Countries for Chinese Buyers & 2014 Price Performance (SOURCE: Juwai.com activity statistics, Juwai Global Property Report):
Italy and France are also in top 10, but the latest price data is not available.