Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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Will Chinese law change hurt vineyard purchases?

There are many new investors that are buying vineyards in France. This is really helping the business, but there may be a problem. New laws that came in at the start of 2017 have significantly tightened up the laws governing money being taken out of China. Only time will tell how this will play out.

Key Takeaways:

  • There are of course Chinese investors in the rest of France, although in significantly smaller numbers. The Cognac brand Menuet was purchased in 2012 by Xiangzhong Yang.
  • In Burgundy, there have been several small investors and joint-ventures but the most high profile has been Louis Ng, the 60-year-old Hong Kong COO of SJM Holdings, who bought Château de Gevrey-Chambertin on the Côte de Nuits for a reported US$10 million, also back in 2012.
  • In 2015, Domaie des Pialons in the Cotes du Rhone village of Séguret was bought in a joint-venture purchase by Jack Zhang, an importer based out of Shanghai, and a French negociant house Clovis Wines.

“The Chinese overtook Canadians to become the biggest foreign buyers of US homes in 2015, spending a total of US$28.5 billion.”

http://www.decanter.com/wine-news/opinion/news-blogs-anson/will-chinese-law-change-hurt-vineyard-purchases-354607/

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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