Realtors abroad brace for Chinese investment inflow after stock market storm

Real estate agents abroad are preparing for an influx of Chinese cash as mainland investors seek refuge from their country’s volatile stock market in the property sectors of Canada, Britain and Australia, Reuters reported. In London, Alex Newall, managing director of residential realtor Hanover Private Office estate agents, said he had seen an increase in interest from Chinese investors at the top of the market–though no transactions yet. “They’re wanting to try and park large sums of money – I’m talking from GBP25 million (US$38.5 million) to GBP150 million,” Newell said. “They’re looking to park that capital into London homes.”