Easier visa policies spur global Chinese property demand
Chinese tourists are forecast to spend $422 billion overseas annually by 2020.
This projected leap from the $229 billion lavished in 2015 has made governments around the world sit up and take notice, with many leveraging this highly lucrative market by making it easier than ever for Chinese travellers to apply for visas.
That’s because easing visa rules not only opens a country up to a growing and lucrative market of Chinese tourists, but it opens the doors to investment by Chinese individuals and companies. In other words, visas for Chinese have become the cog driving an investment boom worldwide.
Because of the close link between visa policy and tourist spending and investment, countries all over the world have stepped up their efforts to make it easier for Chinese to qualify for travel visas.
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