China Investment: Economy
Those considering investment in China real estate will be interested in China's economic figures, a major consideration affecting overseas property investment. Predicted to become one of the world's economic powerhouses by 2050, China's economy has increased its GDP tenfold over the last 10 years.
China has introduced extensive reform and privatisation into its economy with impressive results. China's GDP growth is expected to be in excess of 9% in 2009 with further strong growth predicted at least until 2012. Foreign investment levels in China are the 6th highest in the world and year-on-year increases in foreign investment in Q1 2008 were over 61%. Such impressive economic figures augur well for the future of investment in China property.
China Investment: Tourism Potential
Property investment in China should involve taking tourism into account. Previously a virtually unknown tourist destination, China is now one of the world's up-and-coming favourites with tourists worldwide. Annual growth in China tourism is forecast to be nearly 9% for the next decade and by 2020, China is expected to be the world's largest tourist destination. With 131 million visitors in 2007 and host to the World Expo in 2010 (to be held in Shanghai), China's tourist industry has huge potential for growth. Investment property in China is therefore an option well worth considering.
China Investment: Property Market
China property has recently seen some impressive gains - Knight Frank reported that in September 2008 real estate in China had experienced a 9.2% year-on-year rise in price. Beijing properties rose by 11% in 2007 when property investment in China's capital received a substantial boost from the Olympic Games. China's property market has recently seen a slight slowdown caused by government restrictions on foreign investment, but property analysts believe that China real estate has potential for massive growth.
For more information, click here for the China Investment Property Guide.
