{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/b2fb5f0b-0ce7-4e5c-b6e0-9b1febd06aea/65ef6e4f28cb600016870067?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Why are Chinese millionaires buying up South Dublin homes? ","description":"<p>When \"Niamh\" began house-hunting in Dublin's suburbs, she soon noticed that viewings were often attended by agents who were using phones to live-stream the property to potential buyers in China - some of whom then outbid her. </p><p><br></p><p>Estate agents have confirmed that it is now commonplace for wealthy Chinese nationals to bid strongly on houses in South Dublin. But why?</p><p><br></p><p>The answers lie in the details of a now-defunct 'Golden Visa' scheme, the decline of China's own property market and the desire of upwardly-mobile Chinese parents to give their children a Western education. </p><p><br></p><p>And why are these buyers free to take their money out of the Chinese economy and invest it in countries like Ireland?</p><p><br></p><p>Guests: Irish Times reporter Colm Keena and Beijing correspondent Denis Staunton </p><p><br></p><p>Presented by Sorcha Pollak. Produced by Declan Conlon.</p>","author_name":"The Irish Times"}