A Shanghai real estate exhibit, which aims to connect Chinese nationals with overseas investment properties
, speaks to the growing interest in those types of opportunities.
The 12th edition of the “Overseas Property and Immigration and Investment Exhibition” is set for September 10-12 at the Shanghai International Convention Centre.
MortgageBrokerNews.ca obtained a brochure for the invite-only event, which is targeted to Chinese “VIP” buyers interested in purchasing foreign real estate.
The inaugural edition of the event, which took place in March of 2011, drew a total of eight countries and 29 companies who targeted investors. The total number of potential investors was under 9,000.
Fast-forward to the last event, which took place in March of this year, where a total of 43 countries and 208 companies took part. VIP investors totaled a whopping 35,001.
The next exhibit is expected to draw similar numbers, which proves just how interested wealthy Chinese individuals are in investing overseas.
Foreign investment in Canada’s real estate market is a hot topic. Its influence is difficult to determine and much of the stats and studies are anecdotal or incomplete.
According to the brochure of the event, 55% of potential investor attendees are between the age of 40-50. The vast majority of attendees have an annual household income of over $600,000.
As for exhibitors, companies from North America make up the second-largest group at 30% -- following just behind Australia (36%).
A representative told MortgageBrokerNews.ca the event is expected to draw 2-3 Canadian companies.