在国外寻找新的家园外文资料翻译.doc

外文资料Looking abroad for a new homeUpdated: 2013-04-07 23:59 By Wang Ying and Hu Yuanyuan ( China Daily)Chinese lured by comparatively cheaper houses elsewhere, report Wang Ying and Hu YuanyuanA Chinese woman watching a presentation of an overseas project at a cocktail party in central London. It costs buyers an average of 20 years to get their investment back from rental incomes in London. The biggest advantage about having a property investment in the UK is that there is no capital gains tax for sales by the non-domiciled. In contrast, China has just introduced a new policy of levying a 20 percent income tax on home sales. Provided to China DailyProperties in the former US industrial city Detroit started to fall to as low as $100, attracting Chinese investors who have found their investments in the Chinese property market becoming harder under the central governments tightening policies.As real estate hits rock bottom in Detroit, Chinese investors are planning to purchase properties there, the Peoples Daily reported.There are more than a dozen properties priced lower than $100, with some extreme cases on offer for $1.Some Chinese investors are linking up to buy several properties there. Given that some wealthy Chinese are happy to spend $1,100 on a single pair of designer shoes, the opportunity of buying two Detroit properties with change to spare is not being ignored, the China Central Television reported.The Chinese property market is experiencing a new round of tightening. The central government announced on March 1 a levy of a 20 percent tax on gains on pre-owned house sales.Experts suggest homebuyers should be cautious before undertaking an overseas shopping spree because there is no such thing as a free lunch.For instance, Detroit is extremely cold in winter with the lowest temperature reaching minus 30 degrees Celsius and the broken economy means there is a high rate of unemployment and crime, said Tian Xue, an associate director and head of international project marketing at Knight Frank China.It may be true that some Chinese buyers are zeroing in on the Detroit property market but James Macdonald, head of Savills research team in China, is skeptical about the magnitude of the trend.Typically, when property buyers go overseas, they prefer key markets such as New York, Los Angeles, San Francisco, Miami, Seattle, Portland, San Diego and Boston. These markets are more expensive but comparatively stable and they have diversified populations. In some cases these markets have a large Chinese population and better education systems, said Macdonald.Tian said up to 80 percent of people looking for overseas property investments want to use them for themselves. These people are either buying properties for emigration purposes or for their childrens future educational use.An extreme example of that came in a CCTV report that revealed a Chinese mother buying a $6.5 million apartment in Manhattan, New Yorks most expensive district, ahead of her 2-year-old daughters future university life.It is very unlikely that nouveau riche Chinese will buy properties in a city that has an unstable economy and social environment just because they are cheap, such as Detroit in the United States or on the island of Cyprus in the European Union, said analysts.Maureen Yeo, associate director of international project marketing in Knight Franks Beijing office, said there was a surge in pure investment-oriented purchases among the Chinese.Before, most Chinese who bought overseas properties did so, especially in the UK, the US, Canada and Australia, for their childrens education or to emigrate to. But after the central government further tightened real estate policies, more are tending to diversify their investment portfolios, given the rising policy risks, said Yeo.The new policy of levying a 20 percent income tax on home sales is not actually new in China. It was introduced as early as 2010 but people selling their home have had the option of paying a 20 percent capital gain from the transaction or paying a 1 to 2 percent tax on the total property value, according to Chen Shin Ling, general manager of Taiwan-based Yungching Real Estate Agency in Shanghai.While the 20 percent tax will not directly lead to individuals buying properties overseas, a tightly controlled and heavily taxed market is less attractive to buyers than a more open, more lightly taxed market. So the combination of all the regulations designed to cool the market over the last five years will have encouraged buyers to look at overseas markets, said Macdonald.An overseas project presentation in Shanghai attracted many potential homebuyers. The Chinese property market is experiencing a new round of tightening. The central government announced on March 1 a levy of a 20 percent tax on gains on pre-owned house sales. Provided to China DailyCheap: Yuan appreciation attracts overseas purchasesAccording to him, one of the more important considerations is the prospects for some of these markets, which are relatively cheap by historical standards and also cheap when viewed in yuan terms given the appreciation of the Chinese currency over the last eight years.Lu Hang, vice-chairman and president of real estate services provider Century 21 China Real Estate, dismissed worries about a trading slump after the imposition of the 20 percent tax on selling a home.The 20 percent tax on gains may sound a lot at first but, as a matter of fact, a gains tax for selling a house in the secondary market in the US is more than 20 percent, said Lu.According to him, in a sophisticated property market, there will be not so many new houses for trading. Therefore, the secondary market will be the main force in buying and selling homes as Chinas property market develops and matures, said Lu.It seems there are many choices for investors in buying properties overseas, such as in the US, Australia, Canada, the UK, Europe and Singapore among a myriad of opportunities, but analysts suggest Chinese investors should choose traditional locations and diversify to spread risk.However, the recent policy adjustment as well as a worsening economic environment might reduce the choice. Canada has suspended all new immigration applications recently, which will hold back many immigration-oriented investors at least over the short term.Likewise, the increase in stamp duty for foreign investors in Singapore from 13 percent to 18 percent means an increase in investment costs and higher thresholds for foreign investors, in stark contrast with local first time homebuyers 3 percent stamp tax, according to a China media report.Tax, regulations, deductions, property/asset management, procedures and tax rates and breaks can be very different and it is advisable to engage experts such as an accountant, lawyer, estate agent et cetera before buying to ensure you are getting the best deal, said Macdonald.Local knowledge is also very important. It is best to invest where you or somebody close to you - friends and/or family - knows, he added.The fallout from the European debt crisis may cool the eagerness of investors wanting to buy property in the continent. Properties in the UK have been hit hard in the crisis with only London staying unscathed. As the traditional European financial center, property values in central London rose 12.9 percent year-on-year in 2012, according to Tian.It probably cost buyers an average of 20 years to get their investment back from rental incomes in London. The biggest advantage about having a property investment in the UK is that there is no capital gains tax for sales by the non-domiciled, said Yeo.Properties in Australia are also steady and rising, according to Tian. Even during the most severe time of the last financial crisis in 2008, property values in Australia edged down just 2 percent, while properties in the UK and the US slumped between 20 and 30 percent.However, they have a higher than average mortgage rate of between 6.5 percent and 7 percent compared with that in China of 5 percent, between 4 and 5 percent in the US and between 3 and 4 percent in the UK, which means more cash pressure on investors, Tian said.Higher yields in markets such as the US, Canada, the UK and Europe, possible permanent residency depending upon the type of investment - such as a green card - and comparatively less expensive investments, plus the fact that Western governments are very eager to attract investment and so have friendly overseas investment policies, combine to make certain overseas property markets enticing, said Macdonald.The number of overseas real estate companies attending the annual Beijing International Property Immigration and Investment Expo/Spring this week will surge 30 percent from last year, lured by Chinas ballooning wealthy population, the expos sponsor told China Daily.More than 200 booths have been booked by overseas companies, hitting a new record, said Wei Kefei, director of the expos international department.In addition to the traditional exhibitors from the US, Canada and Australia, there are new participants from East Europe this year, such as Lithuania, Latvia and Bulgaria.The tightening Chinese measures, according to Wei, may further strengthen some peoples determination to buy property overseas.But the recent policy impact will not be huge because most Chinese buying overseas properties are not doing so purely for investment purposes, said Wei. There is an increasing number of purchases because of the polluted environment at home.Analysts also remind investors looking to emigrate that there is hardly any country that guarantees a green card simply for investing in a property within its borders.The effects of a flurry of Chinese buying homes abroad is being felt outside the Chinese mainland, pushing up real estate prices in Southeast Asia, Australia and New Zealand, according to a report by Knight Frank.Partly fueled by inflows of Chinese investment, prime real estate values in Jakarta rose 38 percent in 2012, compared with 20 percent in Bali and 12.7 percent in Auckland, New Zealand. Even Hong Kong, where legislation designed to limit foreign real estate investment came into effect this year, saw gains of 8.7 percent in the prime sector, the report showed.Top markets worldwide such as London and New York remain as havens for investors from around the world. Analysts are seeing signs of a resurgence in prime markets elsewhere as well following inflows of capital from emerging economies in Asia and the Middle East, according to the report.Contact the writers at wang_ and Previous Page 1 2 Next PagePrevious Page 1 2 Next Page中文译文在国外寻找新的家园更新时间：2013年4月7日23:59王英、胡媛媛（中国日报）在别处相对便宜的房子对中国的诱惑，由王英、胡媛媛报导一位中国女性观看在由伦敦中部的海外项目举办的鸡尾酒展览会。它的成本购房者平均为20年，在伦敦的租金收入，以获得他们的投资。在英国物业投资的最大优点是对于那些无定居的销售者而言是没有资本利得税的。相比之下，中国刚刚推出了一项新政策，房屋销售征收20的所得税。 中国日报报道。美国前工业城市底特律的属性开始下降到低至$100，目地是吸引那些把他们的投资成立在中国房地产市场的中国投资者，然而在中央政府的紧缩政策下越来越难吸引中国投资者。由于房地产在底特律触底，中国投资者正打算到那里购置物业，中国日报报道。有十几家物业价格低于100元，与一些极端的情况下提供1美元。一些中国投资者一起在那里购买一些属性。中国中央电视台报道，鉴于一些富裕的中国人感到高兴斥资$ 1,100在一个单一名牌鞋上，不遗余力没有被忽略购买两个底特律属性的变化这一机遇。中国房地产市场正在经历新一轮紧缩。 3月1日，中央政府宣布了20，二手房销售收益税的征款。专家建议，购房者在进行海外购物狂潮之前应谨慎，因为没有“免费的午餐”这样的好事。田雪，副主任和中国Knight Frank国际项目营销负责人奈特说：“例如，底特律的冬天是极其寒冷的，最低温度达到零下30摄氏度和破碎的经济意味着高失业和犯罪率，”也可能是真实的，一些中国买家在在底特律房地产市场上的归零，但詹姆斯麦克唐纳，第一太平戴维斯的研究团队在中国的头上，是持怀疑态度的趋势幅度。“通常情况下，购房者赴海外时，他们更喜欢迈阿密，纽约，洛杉矶，旧金山，西雅图，波特兰，圣地亚哥，波士顿等主要市场，这些市场都比较昂贵，但相对稳定，他们有多元化的人群。某些情况下，这些市场有大量的中国人口和更好的教育体系，“麦克唐纳说。田说，多达80的人寻找海外物业投资要使用他们自己。这些人移民的目的购买物业，或为子女的未来教育用途。一个极端的例子，在央视报道揭示了中国的母亲在曼哈顿买了650万美元的公寓，纽约最昂贵的地区，为了使她2岁的女儿的未来的大学生活提前来到。分析师表示，中国暴发户在一个经济环境和社会环境不稳定的城市购买属性，这是不太可能的，仅仅是因为很便宜，如美国的底特律或在欧盟的塞浦路斯岛。莫琳杨，在Knight Frank北京办事处、国际项目营销的副主任，说：“在中国之间有一个激增的纯投资型购买。”“之前确实如此，为了子女的教育或移民，大多数中国人购买海外物业，尤其是在英国，美国，加拿大和澳大利亚。但之后，中央政府进一步收紧真正的房地产政策，更多的都倾向于以多元化其投资组合管理，政策风险上升，”杨说。对房屋销售征收20的所得税这一新政策在中国实际上是不新鲜的。“早在2010年就已经引入，但卖掉房子的人不得不选择从交易支付20的资本收益或支付总物业价值的1到2的税，来源于陈新灵，台湾永庆在上海房地产代理的总经理。“虽然20的税不会直接导致对个人购买海外物业，严格控制并课以重税的市场比一个更开放，更轻轻征税的市场更加吸引不了买家。因此，在过去五年中，旨在为市场降温的各项规章制度相结合，将鼓励买家在海外寻求市场，”麦克唐纳说。在上海的海外项目介绍吸引了许多潜在的购房者。中国房地产市场正在经历新一轮紧缩。 3月1日，中央政府宣布了二手房销售收益税20的征款。中国日报报道。便宜：人民币升值吸引海外采购据他介绍，更重要的考虑因素之一是一些市场，这是按历史标准衡量，价格相对便宜，在过去八年中国货币升值元计算的前景时也很便宜。房地产服务提供商、21世纪中国房地产副董事长兼总裁卢航，驳回卖一个家的20的税征收后交易低迷的担忧。“第一，收益的20的税可能听起来很多，事实上，在二级市场上出售房子在美国超过20收益税，”卢说。据他介绍，在一个成熟的房地产市场中，没有这么多的新房交易。因此，随着中国房地产市场的发展和成熟