Chinese dominate auction of Portugal govt properties
They account for almost 1 in 5 foreign property purchases in the country during the first 9 months
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Lisbon
AS bargain-hunters waited in a packed room at a property auction in Lisbon last month, one language dominated their chat: Mandarin.
About 90 per cent of the bidders for the government-owned apartments and stores on offer were Chinese, according to Jorge Oliveira, the official overseeing the asset sale. They ended up acquiring more than two-thirds of the 45 properties, he said.
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