Statistics On The Chinese Buyer For Overseas Property

by Admin on August 28, 2013

Here are some amazing statistics about the Chinese buyer looking to purchase real estate overseas, based on the listing site
1. According to McKinsey & Company, China is minting millionaires at a rapid pace. The amount of high net-worth individuals is expected to expand 20% compounded annually over the next 3 years.
2. The Chinese are the world’s fastest growing buyer demographic. $7.2 billion was spent on overseas property in 2009. It’s expected to reach $114 billion by 2015.
3. One-third of Chinese millionaires have overseas assets. According to the Hurun Report, real estate is their preferred asset type.
So the next question is: If you are a Realtor/Agent or homeowner, how do you market to these individuals? I’ll address that on my next blog post!

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