China May Restrict Foreign Purchases Of Real Estate

The Chinese government is undertaking an extensive survey as to how many foreigners actually own property in its nation. The Chinese economic boom is enticing foreign investors to enter the real estate market and become active players in what will become a major economic factor in the world’s real estate market. The Chinese government has made it clear that only foreign institutions which have established branches or offices in China or individuals who are working and studying and have lived in Chin a for more than a year are eligible to purchase apartments.

China is slowly entering the world in many ways. Thirty years from now people from throughout the world will be living and working in China. Individuals will have summer homes in various parts of the nation as the global impact of an international economy reaches into every aspect of life. China may be communist, but market forces are compelling their ideology to take second place to reality.

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