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Wealthy mainland Chinese are increasingly shifting their attention and capital away from the US to other real estate markets amid rising geopolitical tensions between Washington and Beijing, according to property agents.In 2024, Chinese buyers’ demand for homes that cost more than US$5 million moved to Thailand, Australia and Canada, respectively, according to data tracked by Juwai IQI.By comparison, the US in 2023 was the top choice among Chinese buyers, according to the property portal, which has a network of over 50,000 real estate professionals across more than 30 countries.“Geopolitical friction,...

Corrections & Clarifications: The story has been updated throughout to include, correct and clarify nuances of the industry and to correct an error. The National Association of Realtors location was misstated in an earlier version of the story. NAR is based in Chicago.A new policy clarifying how homeowners may list their properties for sale may instead sow confusion and friction in the housing market just months after an earlier set of rule changes went into effect, adding an additional layer of complexity for buyers and sellers.The new policy, called “Multiple...