Chinese spent over 50 Billion USD buying Properties worldwide in 2015- How much was spent in Thailand?
Chinese buyers are exploring their real estate opportunities all over the world and they like to diversify their investment therefore they can search for a property in one location but ending buying in another. Here is the list of the most interesting countries for the Chinese Buyers. Over 24 billion USD were invested in just the US and expected to double this amount in the next 2-3 years. In the next few years the Chinese will invest more and more on buying property outside of China mainland.
The Chinese buyers are divided into 3 main groups.
First group “Investors” – These are people that already have the money to invest and they probably already owning a few properties in their home country, now they are looking to diversify their investments to other countries.
Second group “Education” – there are more than one million milliners in China and they want to provide their future generation a better education and they wish to send them to study abroad (preferably to English speaking country), This group will prefer to buy the property for their kids to study abroad.
Third group “Retirement, Visa & Lifestyle” – Many of the Chinese are looking for new opportunities or a change in their lifestyle when they will retire, they will invest in a business or buy their luxury property for vacation during the cold winter in China.
Chinese Buyers making research before making their investment
Chinese are asking their friends and families, utilizing the power of social media for information and recommendations, they then compile their research before making their final decision on which countries and cities to invest in. They will always look for a better opportunities and higher yields.
Chinese are long term investors and will consider to invest in a property to retire in 10 years from now or buying a property for their kids to study when they will grow up. The time that will take the Chinese buyer to make the decision to buy a property is about 6 months.
Researches shows that the Chinese are searching properties in Thailand and they already start buying properties across country