Chinese starting to buy up real estate

According to the Times out of UK, tourists from China are starting to buy up property in Japan.  Buyers primarily from Shenzen, Hong Kong, and Dalian provinces in China are used to traveling to Japan, but now while on vacation it is common for them to find an estate agent to help them purchase property in part to take advantage of the ultra low real estate prices there.  So far, the purchases have been modest residential units, vacation homes, but also included commercial real estate and businesses.

As more wealth is created in China and they become more adventurous the more that they are expected to buy real estate all over the Pacific Rim region.  We have already seen them buying property in Hawaii.  For example the VP of CNOOC purchased a multi-million dollar Kailua beachfront home last year

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