Chinese investors’ international spending increases to $7b in 2013
Chinese international investment activity has increased by 124 percent to $7.6 billion in 2013, according to research from Jones Lang LaSalle. This is an increase from $3.3 billion in 2012 and $2.9 billion in 2011.
The U.K. and the U.S. real estate markets attracted most of this capital from China in 2013; the United Kingdom received $2.3 billion (up from $1.3 billion in 2012) and the United States received $3.1 billion (up from $264 million in 2012). The office sector continues to dominate as the preferred asset class among Chinese commercial real estate investors active overseas, accounting for 85 percent of all investments they made in 2013.
New York City and London are the markets that attracted the most money from China. Chinese investors spent $2.9 b