Shanghai, the perfect place for luxury real estate investments
By: Martina Celegato
Submitted: 2009-08-12 10:01:54 | Word Count: 599
If the Italian real estate market is in crisis, the same can not be said for the valuable buildings that in this period have not seen large declines in price.
The area of luxury real estate suffers the effects of the crisis. But while in the case of houses more accessible to the pockets of middle class citizens there is a significant drop in transactions, for luxury properties the situation is decidedly better. So much so that, in months in which to pull the strap to the most seems to have become the byword, there is who does not mind the costs. Not everywhere is like this, in some places, the real estate crisis is a concept that glosses over the constructors. Such as Shanghai, once considered the Paris of the East, which is regaining the charm and prestige of the past.
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Shanghai one of the homelands of the new luxury, who can now provide to travelers who love the prestige, the best in every respect. Even with the recession, the face of this metropolis, consisting of 20 million people, is still undergoing expansion, where districts and streets are being renovated in the Western colonial-style. New features include sidewalks of the city with bars and cafes in Western style, boutique, luxury hotels and high-end restaurants such as the one of the famous chef Jean-Georges Vongerichten.
The property sector has been encouraged to sell property of prestige, to continue the urban renewal of high level, in the hope that a very large number of rich people could invest, both foreign and domestic.
The hotel sector, in particular, seems to be flourishing but for now has little chance, despite the large number of tourists, hotels of international level such as The Peninsula and Hyatt, recently opened in the first quarter of the year. Shanghai has so far had 104 hotel projects with 26,510 rooms under construction.
Perhaps the World Expo in Shanghai next year will be the driver and motivation moment for this magnificent and controversial city, which will go towards a sharp transformation. Next year Shanghai should host around 70 million visitors, the city is well prepared to accommodate luxurious places along the banks of the Huangpu River, but will it combine all this luxury, without losing its identity? This is a challenge that we can not wait to watch.
The metropolis of 20 million people is becoming a place to receive a lot of investment in real estate sector, particularly in the field of luxury houses, glittering skyscrapers, with picturesque alleys, parks and quiet landscapes.
Shanghai could be the first name that leaps to mind when it comes to elite and luxury travel destinations, , especially for shopping and fine and delicious dining.
This is probably the most fashionable and international city in China, which boasts the best shopping and the more vibrant nightlife.
Just a few years ago, it was hard to believe, but the major Chinese cities were transformed from medium-sized city into high-level city, through a process of urban renewal, encouraged by the authorities who wish to increase the prices of real estate and to attract the rich investors, both domestic and foreign.
Add that to the fact that now in the city you can see more and more fashion shows and Formula One races, exhibitions and other catering events and that's it.
