Besides Chinese institutional investors, super-rich individuals and the fast-growing middle class are flocking abroad to buy overseas properties. Good quality education for their children, a second home with a better living environment and investment opportunities are the major driving forces.

Juwai, an online service offering Chinese customers information and services on overseas property purchases, has witnessed 100% growth in transactions for three consecutive years since the launch of the site, Simon Henry, co-founder of the site told us.

Headquartered in Shanghai, China, Juwai (“living in a foreign country”) wasn’t founded by Chinese but two Australians, Simon Henry and Andrew Taylor, though of the company’s eighty employees, only three are non-Chinese. With both founders having a real estate background, they bet Chinese would use their rapidly increasing spending power on overseas property.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com