New to site?


Login

Lost password? (X)

Already have an account?


Signup

(X)
Farooq

Australian market set to open lower

HomeUncategorizedAustralian market set to open lower
09
Apr
Australian market set to open lower

An important point for those looking for overseas investment properties: Anyone who wants to invest in Chinese property must be ready to move there. According to [government] regulations, individual foreign buyers need to demonstrate that they have worked in China for at least a year and are buying the residence for self use,” says Anthony Couse, managing director in the Shanghai office of global real estate consultancy Jones Lang LaSalle.

The capitalist elements of its economy make it easy to forget that China is a communist country. Although property ownership is common, in China “ownership” means one has obtained the right to use the land, not own it. “All land is owned by the government,” says Regina Yang, head of research and consultancy in the Shanghai office of global real estate consultancy Knight Frank. Land for residential use is typically leased to property owners for a period of 70 years, Yang says. “After that, whether or not ownership will revert back to the government is uncertain.”

Bigger Cities May Be Safer Foreign Investments

If an individual does find the right opportunity to purchase an overseas investment property, he or she can employ strategies to mitigate the risk of currency fluctuations when making a down payment or ongoing mortgage payments. For example, people who want to own a home abroad can set up a bid through an online foreign exchange service, which enables a buyer.

An important point for those looking for overseas investment properties: Anyone who wants to invest in Chinese property must be ready to move there. According to [government] regulations, individual foreign buyers need to demonstrate that they have worked in China for at least a year and are buying the residence for self use,” says Anthony Couse, managing director in the Shanghai office of global real estate consultancy Jones Lang LaSalle.

The capitalist elements of its economy make it easy to forget that China is a communist country. Although property ownership is common, in China “ownership” means one has obtained the right to use the land, not own it. “All land is owned by the government,” says Regina Yang, head of research and consultancy in the Shanghai office of global real estate consultancy Knight Frank. Land for residential use is typically leased to property owners for a period of 70 years, Yang says. “After that, whether or not ownership will revert back to the government is uncertain.”

The Chinese government ranks cities into “tiers” based on their population size and gross domestic product (GDP). According to Yang, Tier-1 cities (e.g., Beijing, Shanghai, Guangzhou and Shenzen) and Tier-2 cities (e.g., Chengdu, Chongqinq, Hangzhou, Suzhou and Nanjing) are the best international real estate investments because they have.


Related Posts
Leave A Comment
One Comment
  • admin Reply

    s viverra nulla ut metus varius laoreet. Quisque rutrum. Aenean imperdiet. Etiam ultricies nisi vel augue. Curabitur ullamcorper ultricies nisi. Nam eget dui. Etiam rhoncus. Maecenas tempus, tellus eget condimentum rhoncus, sem quam semper libero, sit amet adipiscing sem neque sed ipsum.

    April 9, 2016 at 2:14 pm

Leave A Comment