Recent properties listed in China
China is the most populous nation on earth whose vast landscape encompasses grassland, desert, mountains, lakes, rivers and more than 14,000km of coastline. Capital Beijing mixes modern architecture with historic sites such as the Forbidden City palace complex and Tiananmen Square. Shanghai is a skyscraper-studded global financial centre. The iconic Great Wall of China runs east-west across the country's north.
There is an old Chinese saying, “where there is risk there is opportunity” and China certainly has many opportunities. Since moving to a more open economy, China became the fastest growing economy in the western world. It now ranks as the second biggest economy in the world and its income per capita has continued to rise substantially.
The growing economy has witnessed a transformation from primary to secondary industry and this has been responsible for its urban growth. China now has 15 cities with over 10 million population. This has led to enormous infrastructure investment by the government leading exponential growth of property in all classes, residential, industrial, commercial etc.
A good example of this is the development of the Pudong area in Shanghai which has become the leading financial sector of China and has attracted most the leading financial institutions from the west.
Foreign investment is welcomed to China, subject to certain conditions and by the early 2000s, China overtook the United States as the world's largest recipient of foreign capital. Foreign investment in China’s real estate is also allowed but is subject to more stringent conditions.
There is no one market, with markets in the leading centres, Beijing, Shanghai and Guandong region (which neighbouring on to Honk Kong) more or less fluctuating independent of each other.