Transaction activity in the Beijing real estate investment market fell significantly in first quarter 2022, due both to the quieter Spring Festival holiday period and the reoccurrence of COVID-19, reported Cushman & Wakefield. Just eight transactions were completed in the quarter, for volume of approximately RMB 3.38 billion ($524 million). Despite the drop-off in transactions, however, investors still maintained high levels of interest for quality Beijing assets. Cushman & Wakefield expects as the pandemic situation eases, toward the second half of the year, the transaction process for some deals currently on hold will be expedited, and overall market transaction volume is then expected to rise.
Real estate investors, especially international capital, again turned cautious in response to the pandemic situation, and domestic self-use buyers dominated the market in the first quarter. All transactions completed in the quarter were from domestic investors, with half comi
