Australia is the second most popular destination. Thailand, Canada and Malaysia round out the top five markets. The sixth most popular destination market is Japan, then Singapore, the UK, New Zealand and France.

Six of the ten most popular Asian-buyer markets are in the Asia Pacific. The only top-ten nations not in the Asia Pacific are the US, Canada, the UK and France.

Juwai IQI’s report identifies four factors driving Asian cross-border buying demand.

Monetary stimulus has pushed interest rates to historical lows and helped drive prices upward in some markets. As a result, buyers fear missing out on future price gains and are eager to find opportunities to capitalize on price growth.

The pandemic’s severe disruption caused many Asian buyers to reevaluate their cross-border real estate priorities, just as it has with local buyer demand.

Push factors in Asian home markets are also driving overseas real estate buying. Push factors vary by country. In China, government restrictions on investors push some buyers overseas. Many Asian markets also suffer from a shortage of inventory or low buyer confidence. A significant number of buyers postponed transactions during the pandemic and are now eager to make up for lost time.

Finally, appealing factors in each destination market also drive buying activity. There is the opportunity for bargain-hunting in hard-hit markets like Thailand and the fear of missing out in fast-growing markets. Robust economic stimulus packages and the promise of infrastructure investment in the United States and Australia suggest prices may remain strong in the decade ahead.

“In 2020, we saw a generation of market changes compressed into a single year,” said Juwai IQI Co-Founder and Group Executive Chairman Georg Chmiel. 

“Markets are struggling to keep up. And when prices rise, new buyers can be drawn in as they seek to profit from the upward trend.”

Asian buyers have grown accustomed in recent years to acquiring real estate remotely. The pandemic accelerated this trend. 

Chmiel said, “Juwai IQI moved its Juwai.com and Juwai.asia property marketing events online in 2020. That transformed our audience from about 1,000 in-person event attendees in 2019 to more than 336,000 online event views in 2020.”

Click here to view the full report. 

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