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Chinese go on global property spree

The global commercial property market owes the Chinese a collective hug.

Transaction volumes across the world are expected to rise 15 per cent this year to $600bn, thanks in large part to a significant jump in Chinese overseas investment.

Knight Frank, the property consultancy, predicts Chinese money flowing into international property will double before the year is out, with the number of deals originating from China expected to reach their highest levels since 2007.

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