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Chinese investors take bus tour of luxury properties

RICHMOND (NEWS1130) – Would you want to buy a house while on a bus tour?

That’s exactly what some overseas investors were considering in Richmond and Vancouver over the weekend.

Nineteen people from China toured the two cities on a coach looking for pricey properties between $2.5 million and $3 million, a minimum of 2500 square feet, and no more than five years old.

Realtor Steve Latham played tour guide and agent with help from a translator.

“It’s a brand new concept for us.  I mean, literally this was the first trip we did,” says Latham.  “But I did get some feedback from some of the folks that say they are very interested. It’s a lot to take in in one day.”

“A lot of them are younger families that have done well in their business in China. They want to give their family a little bit of a new experience,” Latham says. “And I know that because they are always asking me about proximity to schools, the quality of the schools.”

Real estate tourism is not a new concept, particularly here on the Lower Mainland.

There are plenty of stories of potential investors flying around Metro Vancouver in helicopters eying houses.