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Thumbnail image for Hong Kong Real Estate: Chinese Property Buyers Choosing Close to Home

Hong Kong Real Estate: Chinese Property Buyers Choosing Close to Home

Hong Kong is the most popular destination for Chinese tourists, and the common language of Mandarin so it makes sense that Chinese buyers are buying Hong Kong Real Estate. Additionally, the rising yuan goes a long way in Hong Kong and with the Chinese government seeking to cool its home property market wealthy Chinese property investors are looking to the next best thing.

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Thumbnail image for The Ups and Downs of the Global Property Market

The Ups and Downs of the Global Property Market

The global financial crisis touched countries to varying degrees. You only have to listen to the news every day to hear, for example, the woes of Greece compared to China moving full-steam-ahead. As a whole, world housing prices fell by 3.8% in 2009, but as with all averages the extremes are masked. Five countries posted double-digit growth last year, whilst nine actually saw prices fall by over 10%.

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Thumbnail image for The Manchurian Candidate: Chinese Property Market Stimulated

The Manchurian Candidate: Chinese Property Market Stimulated

China has unveiled a stimulus package intended to boost its slumping real estate market. It has slashed taxes for second-hand apartment sales to help owners selling their homes. This means that anyone who has owned a home for at least two years can now sell it without having to pay a tax on the total sales price, just on any profit made (which remains at five percent). The waiting period previously for a tax-free sale was at least five years.

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