Macau Real Estate
Welcome to Macau Real Estate!
Macau is located in China and is the dominant gambling destination in the world (it surpassed Las Vegas in 2007). Macau is located along the western side of the Pearl River Delta, and borders Guangdong Province in the north, and its southern and eastern border looks toward the South China Sea. Macau was originally a Portuguese colony and was settled in the 16th century.
Macau (sometimes called: Macao) is one of two Special Administrative Regions in China (the other is Hong Kong). This makes Macau fairly autonomous in that with the exception of defense and foreign affairs, Macau takes care of virtually everything else including monetary system, police force, customs & immigration policies and legal system.
The Macau real estate market is now beginning to rebound after a bit of a decline due to the global economy. On the local level, Macau is poised for continued strong growth (it showed over 100% appreciation from2004 – 2007). Gambling revenue was up 31% over 2007, and Macau features 13% GDP growth which places it the highest per capita in all of Asia. Macao is home to 550,000 people – with roughly 50,000 of those being expatriates from other countries. Approximately 30 million visitors a year come to Macau.
Macau Homes
Wanting to look into the Macau real estate market? Its a great time to buy for the prudent investor, or expatriate living abroad. There are no restrictions on foreign Macau home ownership, and there are local mortgages available to foreign real estate purchasers. There is no capital gains tax which makes it appealing to many global investors. If you are interested in finding more information about Macau homes for sale, simply contact us and we’ll be happy to begin your search for a new Macau home today.