With the Chinese New Year just around the corner, many experts are predicting further growth for Shanghais already booming property market. With twenty million residents, the city is encouraging international buy-to-let investment.

With properties in Shanghai far cheaper than many parts of the UK and the relaxing of economic regulations in China, it is now relatively easy for Western investors to own a property. With a fairly reliable rental income, and great prospects for capital growth it is easy to see why so many are looking to the Far East for investment.

Forthcoming Shanghai events include the opening of the worlds tallest building in 2007, while the city will host events during the 2008 Olympics. It is also staging the 2010 World Expo, building a new Disneyland and hosts an annual Formula One grand prix race.