Hi all,
Good news! We have managed to get a final small allocation of the Paris
Gardens development in Shanghai. We have obtained a final 9 units, all
2 bedroom apartments, with a deadline for reservation of this Friday,
10th December. This is absolutely the last chance to buy into this
exciting development. If you are interested in acquiring an apartment in
this release, please contact your City Trading Post representative as soon
as possible. Units will be allocated on a first come, first served
basis to be fair to all investors.
Thanks
Nathan

Hi Nathan,
I'm almost certain that property in China and Shanghai especially are vastly overpriced and in a bubble. The amount of bad loans that the public banks have on their books is unreal, and I believe the government have recently restricted by diktat the amount of money that can be lent out on property. Also you have to consider the outlook for China in the very near future: they will probably a cycle of monetary tightening very shortly, and these two factors may contribute to the bubble in Shanghai (and other regional centers of commerce) bursting precipitately. I saw off-plan flats being hawked at a property show in London. Now that tells me two things: they can't sell them to local (Chinese) investors and they have had to come all the way to London to find buyers. So, the locals can't afford them and your only source of resale would be another foreign investor.
Thank you
Nelson

Hi Nathan,
China property market is in its infancy so could be likened to buying in London in 1970s. I suspect a lot more growth, however....... China is a very unwise place to buy. The law will always favour indigenous population in a dispute. I know a businessman who lost millions due to corruption which pervades Chinese society through and through, indeed in his case it eventually turned out everyone involved from local Govt. to factory workers were out to con him. Even large muti - nationals have lost out due to anti - foreign bias.
One thing I?ve learned over the years is to invest in lands where the Law and rules provide similar protection to UK. A good example is Germany. There is huge growth potential due to long recession and the state is not corrupt.
If you want to take risks and have money skimmed - off by local gangs the options are many (Estonia, Croatia, Bulgaria etc).
Thank you
Nicholas