Tuesday, 3 March 2015

Chinese property buyers catch a cold in Portugal

Hi

I find it interesting that wealthy Chinese and also Russians like to invest in overseas property.
Sydney Australia attracting a lot of Chinese buyers, pushing prices up.

London also popular, one report mentioned that Russians were actually the biggest buyers of high end London property within the last year or so.

Surprising that a few of the Chinese seem to rush in, maybe without proper homework, normally very astute.

Not surprising that some people/agents attempt to take advantage of this.

An interesting read :

http://www.bloomberg.com/news/articles/2015-03-03/chinese-rushing-to-buy-property-for-portugal-visas-get-burned

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