gbtimes

New European properly rules target Chinese investors

News   •   Dec 03, 2012 09:03 UTC

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.

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