Added: Kasha Garrow - Date: 14.04.2022 01:12 - Views: 46404 - Clicks: 3102
At Vinexpo Asia-Pacific, the biannual wine trade fair held in Hong Kong last month, it was apparent from the three in-depth and well-attended seminars on the same topic that Bordeaux is out to attract Chinese investment. The famous wine region has long been a magnet to foreign investors — the U. There is a litany of matters to investigate, understand and prepare for when shopping for a vineyard property in France. And you must be patient — the acquisition process in Bordeaux usually takes six months. Most were snapped up in the last three years.
Purchases in reached 36 and the figure is expected to be higher this year. Today, Asians own 1.
In St. A small apartment in Hong Kong or Shanghai can be 3m euros. Karin Maxwell of real estate agents Maxwell, Storrie, Baines, which specializes in luxury French vineyard properties currently offers Bordeaux vineyard properties ranging in price fromto 12m euros. A team of experienced professionals — in real estate, finance, law, taxation, government regulation and technical aspects of running a wine property — is a must. Your chances of acquiring a Bordeaux wine property appear to be only as strong as this group.
One obstacle to purchase is seller reluctance; no one really wants to give up a Bordeaux property that has been in the family for centuries. You do not simply present the seller with a purchase price, you offer a plan for what you are going to do with the property. An agent such as Maxwell locates properties for you to view, arranges hotels and local transportation when you visit and provides translators if needed. Post-sale, agents can also help set up management and technical help in the vineyards and winery for absentee owners and recommend architects, interior deers, landscapers and more.
If a seller wanted much more, we might decide not to represent them. Other agents charge between percent.
Getting bank loans is difficult for international buyers. The wine business is a real business and you need specific skills - to know the regulatory environment, the working capital required, and the distribution network.
Speakers at the seminars recommended that you match what you invested on buying the property to run it going forwards.
While the Asian market for Bordeaux wines has fallen in the past three years, the same cannot be said for the market for its vineyards. Although the of Asian-owned properties is still small, those involved see the figure rising this year and beyond. Investors continue to find the prestige, brand and expertise of Bordeaux a draw, whether for personal or business reasons, and Bordeaux continues to welcome them. The World's Hottest Vineyard Property. In. The Asian market for buying Bordeaux properties is growing steadily.
Janice Fuhrman reports on the process and the motivation. To the conversation, comment on our social media channels. Recent Stories View All. Celebrity Demand no Match for Margaux Oct Industrial Unrest Threatens Champagne Oct Bordeaux The Sound of Silence Oct Sonoma Struggles Beyond America Oct World's Best Value Merlots Oct The Case of the Poisoned Wine Oct Washington's Paradoxical Vintage Oct Wine and Politics: A Perfect Match?
The Year-Old Valpolicella Oct California Dreaming of a Great Vintage Oct Champagne Triumphs Through Adversity Oct Never Miss Out. Helsinki, Finland - Change. EUR - Change Currency. Be punctual and greet the French with a handshake when meeting and departing.Job dating bordeaux 2014
email: [email protected] - phone:(389) 632-3983 x 2396
How to Buy a Bordeaux Château