Chinese want to invest more in foreign real estate and Portugal is in the spotlight

Mon 11 May 2020

There are already signs of recovery after the worst with the coronavirus in China. Investors and families want to buy real estate outside the country.

The return to the Pre-Covid-19 routine began earlier in China than the rest of the world. The focus of this international health crisis, which has turned into an economic and financial crisis, has taken steps to reopen before the rest of the countries, after controlling the spread of the coronavirus, according to Chinese authorities. This return to normality is being reflected in an increase in the interest of Chinese investors and families in finding real estate to buy abroad, as an investment or even to live in.

Several Chinese real estate portals abroad have seen visits rise in the past six weeks, compared to the same period between January and February, in total confinement in most of China.

The agencies, cited in an article published by the Financial Times, agree that the main areas of interest are the US, Canada and Australia, with good economies and attractive educational systems. But they also highlight other more accessible destinations, such as Estonia, Romania and Morocco, along with other European destinations, where there are state benefits, such as Greece, Spain and Portugal - the Chinese, for example, remain the main beneficiaries of Golden Visa.

London is another of the most attractive property markets for young people, at a time when the UK is in total confinement. Several UK real estate agencies have received requests from Chinese buyers in luxury areas of North London. These buyers often seek to send their children abroad to study or as an investment to rent, with the possibility of change in the future.

"Traditional priorities (countries or cities with good universities, proximity to family and economic stability) can now give way to new ones, such as the availability of medical care.

Read the original article here.

Photo by Nick Karvounis on Unsplash

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