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House hunting on China’s vacation frontiers

Posted on 03 May 2013

Chinese property buyers have made splashes in the world’s best-known cities. But as their focus shifts toward enjoyment from pure investment, their next stops are likely to be closer to home.
One in eight Chinese families own more than one home, according to a recent report by Zhejiang University and Tsinghua University. But very few own vacation or retirement homes. Typically, Chinese start to amass their real-estate empires with markets they know, often in the cities where they live………………………………………..Full Article: Source


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