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Chinese Investors and Foreign Property
Since 2000, China has had the world’s largest outflow of high-net-worth individuals. Around 91,000 wealthy Chinese sought second citizenship between 2000 and 2014, according to a report by residence investment broker Lion Global, a factor that is fuelling demand to buy foreign property.
Most of these individuals, defined as those with net assets of US$1m or more excluding their primary residences, are moving to the US, Hong Kong, Singapore and Britain.Read More