China and International Housing Price Growth

Yuk Ying Chang, Hamish D. Anderson, Song Shi
2017 Social Science Research Network  
We document Chinese effects on international residential property price growth. We show the prices rise following falls in China's GDP or when China's savings rate increases. This is consistent with the notion of Chinese investing in overseas property markets when faced with less promising investment opportunities at home and when they have the means to invest offshore. The Chinese effects are stronger when risks are higher in China and for countries; where English is the primary spoken
more » ... , with better tertiary education quality, with lower correlations between local property market price growth and China's interest rate returns.
doi:10.2139/ssrn.3168936 fatcat:sc73zczsbndfxb7qauqjbeigje