New Zealand is the second-cheapest country in the world for Chinese property shoppers but also one of the most popular, according to information gathered from a Chinese real estate site.
The Wall Street Journal has reported on information from online real estate portalJuwai.com which found the Chinese are looking for New Zealand places selling for an average US$599,523, only outstripped by the cheapest, Australia, at US$546,705.
However in terms of popularity, New Zealand ranks fifth out of 10 countries being searched by the Chinese.
Ranking of average price searched
Singapore: US$3,726,625 (10th most popular)
France: US$3,173,298 (7th most popular)
Portugal: US$1,660,820 (6th most popular)
United Kingdom: US$970,803 (4th most popular)
Canada: US$912,579 (3rd most popular)
Spain: US$827,577 (8th most popular)
United States: US$725,510 (Most popular)
Germany: US$638,750 (9th most popular)
New Zealand: US$599,523 (5th most popular)
Australia: US$546,705 (2nd most popular)
Source: Juwai.com, reported in The Wall Street Journal
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11440480
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