Tranio, a global property portal, has recently launched its Chinese website to go along with its already Russian, English, German, Spanish, and Persian counterparts that have all garnered success in the past few years.
Visitors to the Chinese website can scroll through thousands of listings from Tranio’s global online catalogue and stay up-to-date with the latest offerings from an expansive network of leading international real estate agencies and partners. The website will also feature the company’s development projects in key countries such as Germany, Spain and Greece.
Tranio.cn will have a section of research and insight about investment strategies, property evaluations, due diligence, tax structuring, mortgage financing, residency permits, citizenship programs and other issues of concern to Chinese buyers looking to invest in foreign real estate.
George Kachmazov, Tranio’s managing partner, says that the focus on the Chinese market and launch of the Chinese website comes after a reported increased demand and number of inquiries received: “There is still a great number of Chinese investors looking to buy property and we have noticed a growth in demand everywhere. We predict that the number of deals closed through our international online platform with customers from China will see a five-fold increase next year.”
As Tranio’s client database is expanding and diversifying, the company is also looking at launching a cross-border real estate crowdfunding platform that will allow international buyers to invest in development projects from anywhere in the world. This will be particularly appealing to buyers from China, as they will be able to participate with capital and diversify their investment portfolio globally.
It was reported that 7500 unique visits on Tranio's international platform within the last two years were from China. This resulted in over 180 inquiries (more than 45% of those were registered in 2018, alone) for property in Europe with Germany and Greece being the most asked about, followed by Thailand and Vietnam.
Edited by V. Haviland
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