Real Estate Expos in China Featuring Investment Property Vultures Show Off Their Projects
In recent years because of the impact of property-purchasing limitations and other control measures, more and more people are considering investing in real estate overseas. In Beijing, China real estate expos featuring international real estate exhibitors from more than twenty countries and regions including
the United States, Australia and Great Britain have been showing off their projects.
Many have shown to have a great turn out as Chinese buyers are taking advantage of the discounted United States real estate. The Chinese economy is far less affected by the current crisis compared to the United States combined with the high savings rate of Chinese households, puts the Chinese buyers in a great investment position. Chinese buyers flocked to the expo to finds ways to take advantage of the situation and buy discounted United States real estate.
Control measures on real estate have stimulated many Chinese people's interest in investing in real estate abroad. Because of current control policies, thirty percent of home buyers have turned their attention from the domestic market to overseas. Statistics show investors from the Mainland and Hong Kong account for eleven percent of the share in the market of new homes in the United States. At many of the real estate expos, the number of overseas real estate projects accounted for forty percent, an all time high.
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 the United States for example where Chinese investors most like to invest in real estate, generally speaking, in most areas the price of a house is five thousand yuan per square meter. Investment Property Vultures an exhibitor at one of the expos in Beijing said "A steady share of investment-home sales results from buyers taking advantage of deeply discounted prices in many areas."
The falling price of buying houses abroad, and increasingly convenient conditions, is leading more people to purchase international property.
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