{"id":43625,"date":"2017-02-10T17:42:40","date_gmt":"2017-02-10T10:42:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/whats-putting-a-stopper-in-chinese-investments-in-europes-vineyards\/"},"modified":"2017-02-10T17:56:12","modified_gmt":"2017-02-10T10:56:12","slug":"whats-putting-a-stopper-in-chinese-investments-in-europes-vineyards","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/whats-putting-a-stopper-in-chinese-investments-in-europes-vineyards\/","title":{"rendered":"What\u2019s putting a stopper in Chinese investments in Europe\u2019s vineyards?"},"content":{"rendered":"<p>&#013;<br \/>\nThe likes of Jack Ma are toasting to luxury wine estates in France and beyond<br \/>\nChateau Clos Du Vougeot in Burgundy, France. JCStudio\/Shutterstock<br \/>\nAn increasingly less rarefied set of Chinese investors are decanting, as it were, their capital to the most scenic, sprawling vineyards in Europe and North America. Yet the recent onslaught of government controls on capital flight emptying out of mainland China may dampen enthusiasm for the world\u2019s best wine estates.<br \/>\nIn Bordeaux, France alone, the number of chateaux under Chinese ownership has reached around 160, Decanter reported, citing data from property consultancy MSB Christies International Real Estate. However, at least two Chinese buyers have held off plans to buy in the famed wine region, pending confirmation of adequate financing, a source close to the wine-lifestyle magazine reported.<br \/>\n\u201cAt this stage we are waiting to see what the impact is,\u201d Michael Bayne of Christe\u2019s International in Bordeaux told Decanter. \u201cIt is purely speculative to discern what is going to happen, although we expect residential property to be affected more than vineyards. For the coming year, most clients have already taken their money out of the country in anticipation of this, so they are less sensitive to the new rules. If there are issues we expect to see them from 2018.\u201d<br \/>\nTo conserve dwindling foreign reserves, Beijing\u2019s State Administration of Foreign Exchange announced last month that it would require foreign currency purchasers to declare that they will not be using the converted funds on overseas purchases of property, securities, life insurance, or investment-type insurance.<br \/>\nMore: Chinese investors develop a taste for French vineyards<br \/>\nAlibaba founder Jack Ma acquired last year the Ch\u00e2teau de Sours in Bordeaux, with plans to create a \u201cmini Versailles\u201d in Entre Deux Mers. A year earlier, China-based company HBC International Wine Assets Management bought Chateau la Bastide in Languedoc.<br \/>\nSimilar lavish transactions are playing out in Australia, Italy, and the US. In 2014, half of all Australian winery sales in 2014 went to Chinese residents, according to wine consultant Stephen Strachan. Chinese investors meanwhile made up the largest set of overseas buyers in California\u2019s fertile Napa and Barossa valleys, Decanter reported, citing data from Knight Frank.<br \/>\nCapital controls or not, real estate consultants are not too anxious about an impending drought of Chinese outbound investment flows in wine-growing properties. Chinese buyers do not buy for the return on investment like wine companies, Kevin Foster, associate director of Newmark, Cornish &amp; Carey in California, told Decanter. \u201cThey buy for prestige and typically acquire trophy properties. They account for less than 2% of the purchases both in terms of dollars and transactions for us.\u201d<br \/>\nRead next: 3 essential elements of building a luxury wine cellar&#013;<br \/>\n&#013;<br \/>\nSource : property-report.com&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.property-report.com\/whats-putting-a-stopper-in-chinese-investments-in-europes-vineyards\/\" target=\"_blank\">What\u2019s putting a stopper in Chinese investments in Europe\u2019s vineyards?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; The likes of Jack Ma are toasting to luxury wine estates in France and beyond&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-43625","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-blD","jetpack-related-posts":[{"id":50526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hawkes-bay-vineyards-with-excellent-irrigation-4\/","url_meta":{"origin":43625,"position":0},"title":"Hawkes Bay vineyards with excellent irrigation","date":"April 1, 2017","format":false,"excerpt":"\r Hawke's Bay's Dartmoor Vineyard and Matheson Vineyard, owned by Treasury Wine Estates are on the market.The two vineyards are being jointly marketed for sale by tender through Bayleys Auckland and Bayleys Napier, with tenders for...\r \r Source : nzherald.co.nz\/Property\r Read more...Hawkes Bay vineyards with excellent irrigation","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hawkes-bay-vineyards-with-excellent-irrigation\/","url_meta":{"origin":43625,"position":1},"title":"Hawkes Bay vineyards with excellent irrigation","date":"April 1, 2017","format":false,"excerpt":"\r Hawke's Bay's Dartmoor Vineyard and Matheson Vineyard, owned by Treasury Wine Estates are on the market.The two vineyards are being jointly marketed for sale by tender through Bayleys Auckland and Bayleys Napier, with tenders for...\r \r Source : nzherald.co.nz\/Property\r Read more...Hawkes Bay vineyards with excellent irrigation","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hawkes-bay-vineyards-with-excellent-irrigation-2\/","url_meta":{"origin":43625,"position":2},"title":"Hawkes Bay vineyards with excellent irrigation","date":"April 1, 2017","format":false,"excerpt":"\r Hawke's Bay's Dartmoor Vineyard and Matheson Vineyard, owned by Treasury Wine Estates are on the market.The two vineyards are being jointly marketed for sale by tender through Bayleys Auckland and Bayleys Napier, with tenders for...\r \r Source : nzherald.co.nz\/Property\r Read more...Hawkes Bay vineyards with excellent irrigation","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50486,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hawkes-bay-vineyards-with-excellent-irrigation-3\/","url_meta":{"origin":43625,"position":3},"title":"Hawkes Bay vineyards with excellent irrigation","date":"April 1, 2017","format":false,"excerpt":"\r Hawke's Bay's Dartmoor Vineyard and Matheson Vineyard, owned by Treasury Wine Estates are on the market.The two vineyards are being jointly marketed for sale by tender through Bayleys Auckland and Bayleys Napier, with tenders for...\r \r Source : nzherald.co.nz\/Property\r Read more...Hawkes Bay vineyards with excellent irrigation","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57534,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-chinese-investors-are-snapping-up-bordeaux-vineyards\/","url_meta":{"origin":43625,"position":4},"title":"Why Chinese investors are snapping up Bordeaux vineyards","date":"June 12, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Why Chinese investors are snapping up Bordeaux vineyards","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84530,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-firm-chinese-estates-increases-stake-in-china-evergrande\/","url_meta":{"origin":43625,"position":5},"title":"Hong Kong property firm Chinese Estates increases stake in China Evergrande","date":"April 4, 2018","format":false,"excerpt":"\r Hong Kong property firm Chinese Estates Holdings and its executive director Chan Hoi-wan have raised their stake in mainland Chinese property developer China Evergrande to 8 per cent in the past 12 months, spending a total of HK$18 billion (US$2.3 billion). Chan, the wife of former Chinese Estates chairman\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43625"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=43625"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43625\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=43625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=43625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=43625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}