Many mainland Chinese investors take large sums of money to buy houses in the US

Numerous rooms, large garages, baby rooms stuffed with toys, fully equipped basements, neat and personalized gardens ..... In many people's impression, this is a typical American-style home life scene. But the financial tsunami, which has been sweeping the world for more than a year, has shrunk many Americans ' proudest properties.　　But perhaps even more unexpectedly, many mainland investors with large sums of money fly to the other side of the Pacific, with only one target-real estate. U.S. property developers first landed in Canton fair similar situation not only appeared in the United States, in some of Japan's big cities, investors from China's Yangtze River Delta are also quietly in the market, and in Australia, a large part of the housing transactions from the Chinese and Asian buyers support; With the rising tide of Chinese students studying abroad these years,　　Chinese investment in real estate in Europe is also growing fast.　　The proximity of Hong Kong and Macao, of course, will not let go, according to some local media reports, the recent Hong Kong transactions in the mansion, about 30% of the buyers from the mainland, these luxury property turnover of up to tens of millions of or more billion.　　Housing that has lost foreclosures or a big drop in market prices during the recession has become a tempting buying target for Chinese investors. At the autumn fair in Guangzhou this year, a booth with no live exhibits appeared in the Import pavilion. The exhibitor, called the Gulf Real Estate group, brought together more than 100 houses in the U.S. states, covering 15 U.S. builders.　　This is the Canton Fair 53 years of history, the first time there are U.S. property companies to sell "house." The head of the Gulf company, this time brought to the United States, the mainstream of the construction of the high-end new house, and from the price point of view is quite attractive. The lowest-priced American state of Idaho a 95-square-metre apartment, priced only 102,000 U.S. dollars, less than 700,000 yuan, the average price of more than 6,000 yuan per square metre, and is not more than 1000 square feet of the courtyard.　　During the Canton Fair, the company's leaders and a large number of mainland merchants had extensive contacts, and the original October 19 end of the extension to 23rd.　　The appearance of the Gulf company in the Canton Fair is just a microcosm of the interest of mainland Chinese investors in US real estate. As early as last year, travel agencies in some big cities launched a tour of the United States to explore real estate theme tours, the route covers the San Francisco, Las Vegas, New York and Boston and other U.S. first-tier cities, applicants. This year by the domestic famous real estate website SouFun organized to the United States Regiment, the total quota of only 40 people, submitted the application form of more than 400 people, can travel but 1/10.　　This highly motivated group has even attracted local interest, which has been reported by several American media. Housing prices in some of America's big cities are already lower than at home. In fact, compared with China's big cities such as Beijing, Shanghai, Shenzhen and Guangzhou, which have been rising again this year,America's property, renowned for its high prices, has become competitive after a slump in recent years.　　For example, the average U.S. house price is 300,000 U.S. dollars, equivalent to 2 million yuan, and in the mainland to buy a 100 square meters of house prices. Chen, president of the American Rich Group, who runs real estate in the US, says that in Beijing or Shanghai the average price of an apartment is $330 per square foot and 70 years for land use. In San Mariano, the best school district in Los Angeles, a single-family house is only 240 dollars per square foot and has permanent land ownership.　　If you go to a medium-sized city like Pittsburg, Pennsylvania, a single-family house with four bedrooms, two bathrooms and a double car garage, about $200,000 trillion, is only one-third of the price of a similar property in the suburbs of China's Metropolis. In addition, the current subprime mortgage crisis in the US housing market and the surge in bank repossession have led to a 30%~50%--of most properties, making American houses more attractive to Chinese investors. Chen said that in the past 20 years, the Chinese people's personal wealth has rapidly accumulated. It is said that more than 30 million of China's people have more than 1.2 million dollars in assets to invest in, "so it's not surprising that Chinese property investors don't care too much about bank tightening, because most of them don't need a mortgage to buy a 200,000-dollar house." They have plenty of dollars in cash. Insiders estimate that at least one-third of the mainland's home buyers are for their children to study abroad.　　So houses near universities or high schools, as well as court auctions of broken homes--generally priced in half the past--are particularly popular. In the 80 's, Japan also set off to the United States "home purchase Tide", but later many people suffered heavy losses. However, some experts pointed out that, from the current status of Chinese buyers to the United States, the so-called "elite group" accounted for the main proportion. So while the upward pressure on the renminbi against the dollar still remains in the long term, the ample cash flow in the pockets of the mainland buyers in the US has ensured that they will not be affected by the value of their property in the United States.　　However, for the average investor, before going to the United States to buy a house to think twice before the line. Mainland buyers have bought Hong Kong's "most expensive apartment in the world" in Australia, where many local owners are trying to sell their property, as the financial crisis hit. Many of these buyers are from mainland China, and prices are often higher than the local psychological price. Local media have even complained that, in the housing transaction, if you see the Chinese figure, it can almost be concluded that the house is not cheap. Starting this year, investors in Jiangsu, Zhejiang and other fields are starting to look more closely at Japan, where "house-buying tours" are organised fairly frequently. Many buyers believe that the Japanese real estate in the domestic attention is not a lot, so relatively significant investment value. And Tokyo and other major cities in the suburbs of some areas of housing, convenient transportation, rental rate is also very high,Calculate the rate of return even more than Shanghai.　　Home buyers ' views are also supported by statistics: Tokyo rose from 3rd place in 2008 to 1th place in 2009, according to PwC's report, and Shanghai dropped from 1th to 5th. In Hong Kong, an adjoining mainland China, the influx of mainland homebuyers has been an important support for housing prices to rise and fall in the financial tsunami. For example, the Hong Kong Henderson Real Estate Group (Hong Kong) in the mid-levels of the construction of "Dry Tak Road 39 estate (also known as the Tin Wui Building)" 68 floor a room a 14th to 439 million Hong Kong dollars sold, equivalent to about 767,000 Hong Kong dollars (about 675,000 yuan) per square metre. This apartment overlooking the Victoria Harbour Sea view only calculates saleable area, with a price of HK $88,000 per square foot (equivalent to about 950,000 yuan per square metre), becoming the most expensive apartment in the world, and the buyer is a person with the background of mainland funds.　　Meanwhile, about 20% of the units in the building were bought by mainland buyers. The price of luxury apartments in Hong Kong has risen 26% per cent from the peak of Lehman Brothers a year ago, according to some local property advisory agencies.　　Mainland Chinese buyers, who have traditionally been important supporters of the Hong Kong housing market, have been more prominent during this period, with about 20% per cent of the most expensive apartments recently traded by mainlanders, some of whom are more likely to account for even half of luxury apartment buyers. Compared to the United States, Anglo-French and other Chinese countries in the real estate market, the emergence of Chinese people appear not so high-profile. Industry insiders pointed out that the more and more international perspective of investors have not stirred up too much of the waves in Europe, to a large extent, the real estate in these countries is "bottoming" still doubt. Southeast Asian countries that are geographically close to China, although they have always been one of the leading Asian elites to invest in real estate, have recently been targeting Chinese guests with marketing campaigns, but subject to political and lifestyle factors, the current number of Chinese buyers is not yet outstanding. (Busung)