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The Top 20 places that Chinese Property Buyers are searching on PropGOLuxury.com, the leading luxury real estate marketing and data services platform for affluent Chinese reading property consumers.
Zushi, Japan? Greenwich, Connecticut? Read some of the surprising findings revealed by our data on the Top 20 places that Chinese Property Buyers are searching on PropGOLuxury.com.
Hong Kong China and Mainland Chinese investors have become a major force in the global property market and their share of the market is expected to grow even further. Favoured destinations of Chinese buyers include university towns in the US, Canada and Australia where their children study, and especially central London, where they are now the largest overseas buyer group. Figures from agency Knight Frank show that 11 per cent of international property investors in prime central London’s new homes market are Chinese.
French luxury property specialist, Phillippe Benoit du Rey, the managing director of Aruzzrealestate - Closed his first major property transaction with an affluent Chinese businessman on September 15, 2010. This transaction was also the first recorded purchase from a China national in the French Riviera. 'September 15, 2010 was an historical day for China on the French Riviera.On this day, a shanghaiese entrepreneur signed the final agreement which made him the owner of a luxury villa, with amazing sea views in the city of Nice.This transaction was apparently the very first ever recorded purchase by a private chinese citizen on the French Riviera,' says Phillippe Benoit Du Rey. 'A huge number of international jet setters and famous industrialists or politicians from all over the world have a villa on the French Riviera, and it is a clever move to connect with them while purchasing also a villa whose value will never decrease in such places » says Philippe, an HEC alumni, the best french business school partner of Tsingua University.And not only France is quite cheap compared to many chinese cities, but the life style in Nice, Cannes, St tropez, Monaco is unique and famous worldwide.
Chinese buyers are snapping up some of the best luxury properties in Sydney including big homes on the harbor, and new condominium developments. Real estate brokers and developers said Chinese buyers are most interested in hot properties in the inner-city and by the beach. They are attracted by new foreign ownership rules, a favorable exchange rate, and the relative stability of the Australian property market. After the UK and New Zealand, China is third in the lineup of countries that sends immigrants to Australia.