Bold investors urged to buy in China

Consumers prepared to look further afield for a property investment opportunity have been urged to consider China.

The communist state's continuing economic growth - largely driven by its manufacturing sector - makes it an ideal place to invest, according to Paul Collins of BuyAssociation.

The country, which is currently hosting the Olympics, has also installed much needed services and transport facilities, increasing the potential for investment returns in more rural areas.

However, Mr Collins warned that the Chinese market does contain strong restrictions on foreign property ownership.

He said: "China is a bit different and difficult in that there are quite strong restrictions in terms of what you can buy and how you can buy it.

"Usually you can only buy one property and certain types of property are restricted. But there are properties available and they can be very, very good for investment."

The country's official bill for this month's Beijing games stands at £21 billion, or £10 million per event.

Overseas Property News posted on 07/08/2008 14:13:09