In this article:
The National Association of Realtors estimates that Chinese investors bought 29,000 American homes for a total of $27bn in the year to March 2016. Foreign buyers focus on a handful of cities: San Francisco, Seattle, New York and Miami. Foreign money has helped propel skyrocketing prices in other places, too. London’s mayor has ordered a study on foreign ownership in the capital after property prices rose by 54% in four years. Central bankers fret about the dangers fickle capital flows pose to financial stability.
Are houses fairly valued across the globe? Learn more about how these changes have impacted House Prices around the world in this interactive chart.
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Global house prices- Our interactive guide to bricks and mortar across the world