you can see why they wanna leave
Announcement
Collapse
No announcement yet.
Chinese Investors spending up big in NZ
Collapse
X
-
I have heard of a number of Chinese buyers knocking on doors of houses that are not even for sale and buying up large lots in Kumeu. Also the neighbours land so they can have more options later on to subdivide. Disappoints me that this stuff goes on, i wish it was easier for every day kiwis. I have had to buy IP's to get ahead instead of buying a home i actually want to live in. Anyway i guess this is how it is and no point whinging about it
Comment
-
yes improvise , innovate and keep dreaming...
They are buying up large lots and taking risks no 2 way about it. So opportunity there if willing to take the risks.
In my neighbourhood there was a vacant plot basically very difficult to build on as lots of excavation and piles required, but its been developed right now as the demand for houses in good school zones is there.
If it wasn't for them it still would have been a pile of rubbish.
Comment
-
The Chinese Govt is slowly but surely plugging up the outflow of capital from their country.
This may very well have a sharp cooling effect on house type investments in the rest of the world.
It's a cat and mouse game, with the "sneaker outers" being clever and dynamic.
Unfortunately for them, the Chinese Govt are meticulous and determined.Last edited by McDuck; 25-09-2016, 10:03 AM.
Comment
-
Is this the start for NZ also??
From UK Guardian
https://www.theguardian.com/cities/2016/sep/29/inside-china-passion-foreign-property-investment-uk
HermanZ
Comment
Comment