While much of China is feeling the pressure of soaring home prices, the relatively cheaper homes in some European countries that grant temporary or permanent residents visas seem to provide a shortcut to relief for many Chinese.
"I've been following the European immigration policies for a while because some countries' requirements have become much easier to meet than before, and I don't want my child to live under the overwhelming pressure of job hunting or mortgage paying as I used to do," said Liu Changying, a mother of a junior high school student.
Liu is among the increasing number of Chinese who began considering buying houses — that would bring permanent resident visas — in Europe after several crisis-hit countries launched property policies targeting overseas investors, especially those from China.
Cyprus, which probably was not in Chinese immigration picture before, has now emerged as the front-runner in this race.
Read the full report on gbtimes.com.
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