business

China's rich seek shelter from stock market storm in foreign property

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With wealthy Chinese on the financial run, can a significant economic depression be far behind -- not only in Asia but worldwide. History shows it is likely because that's just the way the Business Cycle operates, and has always operated, and this time is no different.

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Even pretty mundane developments in London Docklands now have waiting lists 2 or 300% oversubscribed.... and lots of Asians on those lists.

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Lots of Chinese coming to Tokyo now to buy real estate. About 20% of transactions are now with foreigners, because Tokyo is so cheap compared to other major cities.

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Bad news for everyone outside China...

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Tokyo is so cheap compared to other major cities. yeah but you get very little return on your investment, land prices are stagnant, and buildings depreciate very quickly. they be better putting there money in Australian canadian property.

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Sale prices per square meter

Greater Tokyo: 453,300 Yen +6.6% from June 2014 Tokyo Metropolitan Area 596,500 Yen +5.9% Chiyoda, Chuo, Minato 1,013,100 Yen +16.5%

See more at: http://japanpropertycentral.com/2015/07/secondhand-apartment-sale-prices-reach-new-record-in-central-tokyo/#sthash.CcjQBZ2k.dpuf
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