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From
June 15, 2007
Property in China
How far would you go to find your perfect home? What about China, a mere 10 hour flight away...?
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Brilliant idea, now that the UK housing market has been completely ruined by 'investors' it's time to move on and drive up prices elsewhere eh?
Sue, London,
Buy into China.It's going to be bigger than the US economically.People buy Florida holiday homes,so why not Beijing and Shanghai?Also China is a heck of a lot better place to live with nice people there!
Friend of China, London,
It is highly irresponsible of this paper to suggest that foreigners may buy a holiday home in China. It is only allowed with a residence and work permit and must be the primary residence of the foreigner in China. Whilst it is possible to buy through an investment vehicle i.e. a wholly foreign owned enterprise the company must have permission to do so and it is high unlikely that this permission will be given.
Chris Stevens, Beijing, China
Actually the idea that you can buy a holiday home in China is wrong. For a foreignor to buy a property in China they must posses a Residence and work permit. Foreignors are not allowed to buy property for purposes of property speculation. If you are caught doing so the property may be confiscated.
Order of State Council September 2006.
J De Burghe, Bristol, UK
Great article - can't be long until people start buying holiday homes in China, or until it gets a much bigger ex-pat population....
Tony Strumley, Aylesbury,