China-focused real estate marketing and services company Ausin Group has opened a Mayfair office selling UK property and has set up a sizable investor visa fund as demand from Chinese buyers shows no signs of slowing down.
The privately-owned Ausin Group, founded by Joseph Zaja five years ago, is on track to sell 3,000 properties – mainly apartments in Melbourne, Sydney and Brisbane – to Chinese buyers this year.
Mr Zaja said the demand for real estate is still strong.
“There are still at least five years of solid progress to go. If we can sell 3000 units this year, we can sell more next year,” he said.
Australia was not the only country Chinese investors targeted, as they faced volatile stock markets and jitters in the world’s second largest economy.
“They always have a long-term vision to emigrate. It is distributed across Australia, Auckland, London and America. It is also happening in Europe, in Cyprus, Greece, Portugal and Spain,” he said.
The group chose to take advantage of its large Chinese sales network on a recent trip to London and opened an office in Mayfair.
“We are selling real estate in London to China. † † and see how it goes, but so far it’s been a success,” he said.
Mr Zaja said many clients were repeat customers, often buying more than one property and using the company’s immigration, financial and other services
Last fiscal year, Ausin customers settled on 900 properties with just three dropouts; a small settlement risk.
The group will complete the contracts for approximately 2000 properties this financial year.
It has led up to 60 high net worth clients through its Ausin Group Wealth Management arm into a Significant Investment Visa Property Fund.
The fund operated independently of the Ausin Group, Mr Zaja said.
The most recent release was a joint venture agreement with Queensland-based Villa World on a 148-lot development in Rochedale, south of Brisbane.
This article first appeared in The Sydney Morning Herald
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