Property shopping high on Chinese new year to-do list

A survey by Chinese website indicates shopping for property will be high on the list of things to do when respondents from around the country take off for the Chinese New Year holiday.

The first day of the new lunar year is tomorrow, 28 January.

While Juwai’s survey had responses from only 120 consumers, 1209 international real estate agents also took part, and they came from 27 provinces & 64 other countries.

Juwai said 92% of Chinese consumers planned to travel internationally in 2017, and 42% said they intended to hunt for property. That came ahead of 18% favouring shopping and 17% visiting family or friends.

“57% plan to purchase property in the countries they are travelling to overseas, while 58% are considering to migrate to the country that they are travelling to.

“Although less than 30% of international agents expect Chinese buyers to approach them during the Chinese New Year holiday period, over 41% of Chinese respondents who intend to purchase property in the countries that they’re travelling to in 2017 have plans to meet with real estate agents over their Chinese New Year travel.

“Already, 17% of international respondents say they have been in touch with Chinese real estate buyers who plan to travel during Chinese New Year. As for those yet to be contacted by Chinese property investors, 34% are optimistic and expect to have Chinese buyers approach them within this holiday period.”

Juwai survey

Attribution: Juwai survey.


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