Portugal - Nov 7

About 90% of bidders and two-thirds of closed sales were conducted by Chinese individuals in a recent auction of Portuguese government properties in Lisbon. The city’s properties have been viewed as a relative bargain compared to those of other major European cities from the perspective of savvy foreign investors. The influx of Chinese capital may be partly attributable to a recent easing of restrictions for monetary outflows used for investment purposes. While Chinese investors formed the majority present this week, Russian and French investors also made appearances. Source: Bloomberg