Make me your Homepage
    left corner left corner
    China Daily Website

    Affluent Chinese pursue overseas properties

    Updated: 2013-08-27 23:29
    By WANG YING ( China Daily)

    Chinese investors are looking abroad for high-return opportunities as domestic economic growth slows and the yuan continues to strengthen, a study said.

    A report released on Tuesday by real estate services firm Jones Lang LaSalle estimated that China's overseas investment will maintain a 30 percent growth rate in 2013, with real estate as a main investment target.

    Offshore residential property investment by Chinese high net worth individuals, defined as those with personal assets exceeding 10 million yuan ($1.6 million), is expanding, JLL said.

    Real estate has always been the main overseas target of many such investors. Set against strict domestic property curbs and weak equity market returns, overseas markets offer more opportunity.

    A stronger yuan makes overseas assets more affordable for Chinese buyers, said Joe Zhou, head of research for JLL East China. The Chinese currency has strengthened about 30 percent against the British pound since 2005, which is equivalent to a 30 percent discount in the price of residential property in the United Kingdom.

    Educational systems, high-quality housing, freehold or long-term leasehold residential properties and wealth protection are also key reasons for high net worth individuals to invest overseas, the report said.

    These investors' most popular offshore residential property destinations include the United States, Canada, Australia and the UK. Housing prices in the UK have increased 177 percent over the past 15 years, with London prices up about 276 percent.

    While major Chinese cities require 30 to 50 percent down payments and have tightened mortgage requirements, down payments on offshore residences may be just 25 percent and interest rates are relatively low. It all means considerable potential for appreciation, according to Zhou.

    "From traditional immigration needs to children's education to the value appreciation of assets, we believe that Chinese investors' demand for overseas residential property assets will continue to grow rapidly," said Michelle Liu, head of international residential Shanghai at JLL.

    According to Liu, JLL's total sales of residential properties in London to Asia-Pacific region buyers have exceeded 10 billion pounds ($15.5 billion) since 2005, reaching 2.6 billion pounds in 2012 alone.

    Only 30 percent of buyers of residential properties in central London are local British. The rest are overseas investors, nearly half of whom are Asian buyers.

    A rising number of Chinese developers are investing in overseas property projects, and they now have total overseas projects valued at more than $10 billion, according to China Overseas Investment.

    Chinese property deals abroad rose sharply in 2012 to $1.86 billion from $547 million in 2011 and $90 million in 2010, according to data from Dealogic. Excluding Hong Kong, deals last year totaled $450 million, up 46 percent from 2011.

    8.03K
     
    ...
    ...
    ...
    中文无码vs无码人妻| 中文亚洲欧美日韩无线码| 久久精品中文字幕一区| 亚洲成A人片在线观看无码不卡| 亚洲乱亚洲乱少妇无码| 亚洲精品无码Av人在线观看国产| 最近中文字幕在线中文高清版| 无码精品人妻一区二区三区漫画 | 中文字幕一二三区| 精品无码综合一区| 亚洲av无码国产精品色午夜字幕| 日本中文字幕一区二区有码在线| 五月天无码在线观看| 人妻丰满熟妇av无码区不卡| 中文字幕一区日韩在线视频| 最近中文字幕大全免费版在线| 2024你懂的网站无码内射| 亚洲级αV无码毛片久久精品| 国内精品久久久久久中文字幕| 一本大道久久东京热无码AV| 99久久人妻无码精品系列蜜桃| 亚洲韩国精品无码一区二区三区| 中文无码字慕在线观看| 最近免费中文字幕mv在线电影| 中文最新版地址在线| 一级电影在线播放无码| 精品无码国产污污污免费网站国产| 无码中文字幕日韩专区视频| 超清无码熟妇人妻AV在线电影| 亚洲va中文字幕无码| 国产欧美日韩中文字幕| 中文字幕一区一区三区| 欧美中文字幕在线视频| 中文字幕在线观看| 狠狠躁天天躁无码中文字幕图 | 亚洲Av无码乱码在线znlu| 国内精品人妻无码久久久影院| 色窝窝无码一区二区三区色欲| 日韩精品中文字幕无码一区| 亚洲成a人片在线观看无码 | 亚洲av中文无码乱人伦在线咪咕|