Foreign media are paying attention to wealthy Chinese "snapping up" properties abroad. Most buyers from China pay in cash, which makes overseas real estate agents "dream of encountering Chinese clients." Beyond buying properties abroad, the trend of wealthy Chinese emigrating overseas also seems to be heating up. What is the essence of this? The essence is that we sacrifice land and fertilizer to work hard to grow crops, but when it comes time to harvest, we let others take every single grain.
Wealthy Chinese "snapping up" properties abroad
"Dream of encountering Chinese clients"
American journalist Julia Wildigir interviewed Naomi Minegishi, a Japanese woman who has lived in China for 10 years. She recently found a job easily in London—as a real estate agent. Minegishi recently sold four apartments in a building near the London Olympic venues to Chinese buyers at a price of $500,000 each. "I dream of encountering Chinese clients; they are wealthy and pay entirely in cash," the report quoted Minegishi as saying.
Buyers often seek to hide their identities
The report says that to attract Chinese buyers, some London property developers have even removed the number "4," which is considered unlucky by the Chinese, from new apartments. Furthermore, "most buyers from mainland China prefer to pay in cash to minimize the disclosure of personal information, and no London real estate agency is willing to reveal the identities of these buyers."
The wave of wealthy Chinese emigrating overseas
Over the past decade, an increasing number of elites and wealthy business people have emigrated overseas through study abroad, skilled migration, or investment migration, mostly heading to Western developed countries such as Europe, the United States, Australia, and Canada. This phenomenon is known as the "third wave of migration."