High house prices Force investors to move to overseas property market

-Information Times reporter Rosalyn in the domestic first-tier cities in the background of rising housing prices, but also faced with national regulatory policies, market changes are more sensitive to investment buyers gradually will look at the overseas housing market, to prevent inflation and for children to study abroad to prepare.　　Real estate experts remind that many overseas property prices are cheaper than the mainland, but because of different system, buy a house in addition to pay a certain amount of housing, still need to bear heavy tax. 2 million can buy Australian garden villas "domestic policy tight, hot money to overseas, 200,000 can have 500 square meters of Australian garden Villas", a few days ago, reporter mobile phone received the above information.　　Immediately, the reporter call advisory learned that, originally, the information by a well-known immigration agencies, the company's official said the news is true, to a set of 500 square meters of garden villas, for example, the total price of only 2 million yuan, and in the local no matter how many suites the buyer, down payment is only 10%. It is understood that the recent shift to the overseas property market more and more mainland investors, May 2, "Japanese television," A "Japan was bought by the Chinese" feature shows that the Chinese phase is Tokyo's commercial district Shinjuku, the embassy area linen and other high price lots, this is the ordinary Japanese prohibitive place.　　Meanwhile, South Korea's Asia economic website reported that more than 150 Shanghai investors bought 58 sets of holiday homes worth 183 million yuan in Jeju. To avoid the inflation of capital flows overseas for Chinese to buy a house, the reason for the heat, he Weiwen, vice director of China Open Economic Research Institute of International Business and Economics, said one is that foreign house prices fell sharply, is obviously cheaper than domestic, and the second is domestic crackdown on real estate speculation strict measures. The head of the immigration agency said that in Australia, 2 million yuan can buy a 500 square meters of garden villas, if a little outside the place, the price is even lower.　　Compared to the domestic first-tier city of the million above average price, indeed has a lot of advantages. At the same time, the country is suffering from the history of the most stringent macro-control, two times home buyers down 30%, loan interest rate to increase to 1.1 times times the benchmark rate, for investors and even a family to house, have greatly inhibited the demand for housing. Many investors in order to avoid the pressure caused by inflation, have turned to overseas property investment.　　In addition, some people in the industry said that the rapid economic recovery abroad has become an important reason to attract investors in the mainland. Overseas purchase must be vigilant "can not afford" some experts said, because of foreign property legal system, management policies and taxes, interest rates and other aspects and domestic differences, and the higher cost of housing, investment in the purchase of a certain risk, buyers need to do their own, and can not blindly focus on housing prices. It is reported that Chinese buyers in the United States is not difficult, as long as the visa is legal, do not need a green card, and do not have to pay intermediary fees.　　But in the United States to raise a house, the annual housing value of 1% to 2% of the real estate tax, such as for rent, but also to pay rent 5% to 10% as a management fee. Financial commentator Zhu Da introduced, for real estate investors, unlessThe purchase of property in the local can be rented and can obtain a better rental return, otherwise investment in overseas property will lose its meaning. He Weiwen said that in fact, the purchase of their own overseas property is very common in the world, but the Chinese people are more speculative. In his view, the excess funds should be channelled through policies and market mechanisms, allowing them to flow into technology, capital markets, and not the real estate market.