Skip to navigationSkip to content

The world’s most expensive housing markets have one thing in common: Chinese buyers

Reuters/Julie Gordon
This is how you sell houses in Vancouver.
Published This article is more than 2 years old.

It’s pretty striking.

Hong Kong, Vancouver and Sydney are some of the world’s most unaffordable housing markets, according to recent analysis by the OECD. They’ve also been attracting significant inflows of capital from Chinese homebuyers. In Vancouver, politicians and locals have been grumbling about Chinese buyers making housing unaffordable. In Hong Kong, money flooding in from mainland China is making it tough to even track down graveyard space, let alone increasingly tiny apartments. Down in Sydney, the story is largely the same (paywall).

The Chinese housing rush for foreign property is really just part of an important shift in the global economy. After decades investors channelling capital into China to take advantage of blistering growth rates, money is now flowing out of the Asian giant—largely because Chinese nationals are looking for better growth abroad than the limited investment opportunities available at home. That doesn’t exactly bode well for Chinese policymakers trying to boost the mainland’s rapidly slowing growth.


📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.