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Fall in sales of US real estate to Chinese buyers

Measures to control capital flows from China have had an impact on sales of residential properties in the US, in particular those properties price between $2.5m and $3m.

Sales to buyers from China fell in the year to the end of March for the first time since 2011, data from the National Association of Realtors showed.

Chinese authorities have introduced measures to control cross-border capital flows and increased scrutiny of foreign-exchange transfers as the yuan has weakened against the US dollar.

Click here for the full Bloomberg article

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