The Traderszone Network

Published in TZ Latest News 12 July, 2015 by The TZ Newswire Staff

China’s rich seek shelter from stock market storm in foreign property

SYDNEY/LONDON (Reuters) – Realtors in Australia, Britain and Canada are bracing for a surge of new interest in their already hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai’s equity markets. Sydney realtor Michael Pallier said in the past week alone he has sold two new apartments and shown a A$13.8 million ($10.3 million) house in the harbourside city to Chinese buyers looking for an alternative to stocks.

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