It's been a year since China surprised the world by allowing greater flexibility in the renminbi exchange rate, resulting in its drop in value by a record 1.9 percent against the US dollar.

Despite widespread concerns over the country's economy, JLL says the move has proved beneficial to the global real estate industry, intensifying the appetite among mainland Chinese investors to acquire overseas properties, as well as stoking interest among Chinese insurance and other financial companies in holding real estate assets instead of cash.

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