overseas property purchase

    I believe the overseas property purchase will also be a popular culture in the future. Recent years have witnessed more and more Asian people purchasing property in Europe and America. This is because for highly populous countries like Japan and China, the domestic property price keeps rising due to population growth and high domestic demand. On the other hand, these investors regard this as a business opportunity and begin to do real estate business in foreign countries. For instance, according to the first Overseas House Purchase Festival hosted in Shanghai, during the half year, Chinese investors purchased a lot of properties in overseas hot spots. They also caught great attention from foreign property developers and sellers, and dozens of realtors from Australia, America, England, Japan and other countries participated in the Festival and introduced several overseas projects to Chinese investors.

   

   According to a recent TV dialogue program, the first choice of place of Chinese investors for house purchasing is Australia, Canada, Singapore and America, etc. According to predicts, about 10 billion US dollars of private capital will outflows abroad, of which over half will be invested in real estate property; shanghai will be the biggest market for China’s overseas property investment.

Therefore, I believe this will also be a trend in the future, as Chinese people are getting richer and financially capable.