Lao Hu is not saying that overseas real estate is not good, Lao Hu refers to thoseOverseas properties that are being marketed in China should not be touched
No matter how tempting the ad is written:
Blue sky and white clouds, invincible sea view, popular school districts, fashion and luxury, ten years of charter, seven years of double, etc., etc., don't be fooled.
Yes, you read that right, the word Lao Hu used was "fooled".
Think about it the other way around
You own a prime property in the heart of Beijing and you are going to sell it, what do you do?
Listing in an intermediary.
After a while, your house is sold. It's as simple as that.
Do you need to advertise your house in other cities in China? Do you need to advertise your house across the globe?
If a house is not bought in the local city, no one in the whole country buys it, and you need to go overseas to advertise it, how rotten is the house?
If this house is really as attractive as advertised, for example, this is a school district house in Beijing's Financial Street or Wanliu, which has long been bought by locals, how can it be left to foreigners to take advantage of the cheapness.
Reading this, I believe that the vast majority of people have already figured it out. Lao Hu's purpose has also been achieved. The following explains the root cause of this phenomenon for those who like to get to the bottom of it.
Let's take Australian property as an example.
There are many types of housing in Australia, and in New South Wales there are usually:
house：Detached houses with land, usually 1 to 2 storeys;
duplex：It is equivalent to dividing the land of the house into two houses, and the two houses are back to back, usually two floors;
villa：Building multiple houses on a single piece of land, usually one to two floors;
townhouse：rows, usually two-storey;
unit：It is equivalent to a domestic red brick building, which is older, usually two to three floors;
apartment：It is equivalent to a domestic elevator building, relatively new, usually 3 to 30 floors, and the local Chinese like to call it an apartment, so it is hereinafter referred to as an apartment.
Australian states have slightly different names for the type of housing, so I won't go into details.
Locals like to live in houses, not buildings, and they call apartments cement boxes.
We Chinese are used to living in buildings in China, so after immigrating abroad, we instinctively like to buy buildings, that is, apartments, apartments. However, if the financial strength allows, nine out of ten will sell their apartments and replace them with houses.
In other words, apartments are not well received in the local area, so the potential for value preservation and appreciation is extremely poor.
There are also developers in Australia who have to keep building and selling homes to survive. Like domestic developers, they also like to build on limited land, and the higher they build, the more money they can sell. So they built a lot of apartment buildings, and they also sold off-plan properties, which the local Chinese called off-the-plan.
However, the locals don't like the apartment, and even if it is advertised nationwide, it can't be sold, so it is sold overseas, including China.
Some people say Lao Hu, then I listen to you, if you don't buy an Australian apartment, I will also buy a big house.
You think about it, would the smart Australia** not think of it? Australia also has a "purchase limit", where foreigners can only buy new houses.
You say, "Can't I buy a new house?"
Think about it, is it your turn to buy a new house?
So, it's your turn to invest in the garbage.
Investing in Australian real estate in China, you are helping Australia's ** live Lei Feng to feed local developers.
The situation is similar for investing in property in other countries.
Welcome to pay attention to the princess housing market, and answer real estate questions from a high position.