As its markets slide, its economy weakens, and its currency declines, many wonder if Boston’s real estate market will suffer — but short-term, it may gain
By Tim Logan GLOBE STAFF AUGUST 26, 2015
But after days of sharp declines on the Shanghai Stock Exchange, a currency devaluation by finance ministers in Beijing, and growing concern about a broad slowdown in the world’s second-largest economy, there are big questions about how much longer that money will keep coming.
The answer — in the short term, at least — is that the turmoil may actually speed up the flow of cash from China to Boston, according to local real estate specialists.
“We’ve had people come in with a little more sense of urgency lately,” said Sue Hawkes, whose firm, The Collaborative Cos., markets condominium developments in Boston that have attracted Chinese buyers. “They’re trying to beat the fall” of China’s economy and stock market.Read More from bostonglobe.com