China property investment - A booming good location
10:06 am
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The Chinese real estate industry is about to boom. Foreign investors are encouraged to invest in China and are protected by law. The costs associated with buying property in China are low at only 4.5%, much lower than many European countries. Personal assets and properties are recognised and protected by new Chinese law
China economic growth
The fastest growing economy in the World with GDP growth at 9% p.a. for 21 years. (World Bank)
Incomes in urban China are up an average of 8% a year since 1998. (Business Week)
The government is committed to maintain just above but no less than 7% GDP growth p.a. till 2020.
Foreign Direct Investment increases at 26% p.a. for last 14 years. (US-China Business Council).
Host of 2008 Olympic Game, 2010 World Expo, and many more international events.
Experienced overseas property buyers all know the positive benefits a new airport can have on a region. Some analysts state that property prices can rise by as much as 25% when a location becomes more accessible. Imagine as an investor how you would feel buying property in an emerging market that has poor communications. The news of the construction or expansion of the airports would have you jumping for joy. That is exactly what is taking place in China today.
China is about to make property investors very happy people. According to the China Aviation Administration China (CAAC) Chinese airports handled 240 million passengers in 2004. This is a rise of 38.8% from the previous year. The CAAC estimate that by 2010 Chinas airports will handle 500 million passengers. China airports are set to handle this rise in capacity with a series of expansion projects already underway. Beijing Capital International Airport is expanding with a third passenger terminal. The brand new terminal will be finished before the 2008 Olympics and will be able to handle 60 million passengers. Baiyun International Airport has already received the Chinese expansion treatment. Shanghai's Pudong airport is receiving a second terminal with more planned in the future. The Xianyang International Airport in Shaanxi has ambitious plans for a new runway and terminal.
China investment property
Those who are considering investment in the region must surely view these infrastructure improvements in a positive light. The Chinese real estate industry is about to boom. Foreign investors are encouraged to invest in China and are protected by law. The costs associated with buying property in China are low at only 4.5%, much lower than many European countries. Personal assets and properties are recognised and protected by new Chinese law.
So where's there are planes there is money!
For bargain property in China:
http://www.brightbuy.co.uk
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Nicholas Marr is clearly an observer of life and front row spectator of the events in the overseas property market. A lifetime property investor his UK based company Marr International owns one of the fastest growing overseas property websites in Europe. What ever the subject they will always be informative and will hold your interest. Bravo to freedom of speech. His company runs http://www.homesgofast.com
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