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Chinese snapping up overseas properties

Driven by a weakening yuan and surging housing costs at home, they are venturing beyond the usual popular cities to lower-priced ones

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Chinese real estate has grown increasingly out of reach. Residential property values in Shenzhen, Beijing and Shanghai all jumped more than 30 per cent in the year through September, according to the National Bureau of Statistics.

Beijing

IF they were anywhere else in Beijing, the five young women in cowboy hats and matching red, white, and blue costumes would look wildly out of place.

But here at the city's biggest international property fair - a frenetic gathering of brokers, developers and other real

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