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Chinese people invest more in real estate abroad
Brief:Because of the impact of property-purchasing limitations and other control measures in China, more and more people are considering investing in real estate overseas.

In recent years because of the impact of property-purchasing limitations and other control measures in China, more and more people are considering investing in real estate overseas.

Control measures on real estate have stimulated many Chinese people's interest in investing in real estate abroad. Because of current control policies, 30% of home buyers have turned their attention from the domestic market to overseas. Statistics show investors from the Mainland and Hong Kong account for 10.8% of the share in the market of new homes in theUS.

Because of the advantages of the stable market and permanent property, investment in overseas real estate has become more and more popular among Chinese home buyers in recent years. In Australia for example where Chinese investors most like to invest in real estate, generally speaking, in most areas the price of a house is 20,000 yuan per square meter. This is close to the current average house price in some regions of first-tier cities in China. Chinese people only need to provide proof of income to buy a house with permanent ownership from loans in Australia.

Xinhua
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