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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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 estate professionals all jockeying for the attention of Chinese buyers - the quintet of wannabe Texans fits right in. As they promote Houston townhouses ("Yours for as little as US$350,000!"), a Portugal contingent touts its Golden Visa programme and the Australian delegation lures passersby with stuffed kangaroos.
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