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Investors at home prefer overseas luxury houses
Brief:Since the implementation of market restriction measures in China’s real estate, some Chinese financial firepower investors have turned to investment objectives in the oversea real estate market.
Chinese investors enthusiasm for purchasing overseas property has been gradually increasing. Turnover of the first half of this year has equaled last year’s volume.

Since the implementation of market restriction measures in China’s real estate, some Chinese financial firepower investors have turned to investment objectives in the oversea real estate market. According to the British media, UK house prices have obviously increased because of the large number of Chinese buyers swarming into the British market.

When it is dark domestically, it is bright overseas--
Colliers International, a property company, has revealed that among the 790 overseas properties they sold to Asian buyers last year, Chinese buyers accounted for about 5%/ of the share. As a result of increasingly severe control measures in Chinese real estate, a considerable number of investors have turned to overseas for housing purchases.

Clients from the Chinese mainland have taken over from those in Hong Kong and Taiwan to become the largest immigrant communities in Canada. In addition, London and Melbourne are also hot cities which are attractive to Chinese investors.

Luxury houses are preferred--
It has been revealed that current purchasers from the mainland are mainly from southeast China, such as Shanghai, Hangzhou and Wenzhou; in addition to Beijing and cities along the coast. Most house purchasers are the owners of local private enterprises who favorably regard high price luxury housing as investment objectives - and over half of them choose a one-off payment.

The upsurge of overseas house purchasing by Chinese buyers has drawn the attention of many media outlets. Reports from the British media have stated that house prices in the UK were pushed high because of Chinese investment in local real estate and that the local buyers were priced out of the market.

Globallp.info
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