China is home to one-fifth of the world's billionaire population thanks to an economic boom over the past decade, and much of that wealth is being spent overseas, especially on real-estate.
Chinese nationals have seen faster real-estate transaction growth in international markets than any other country, according to Juwai, one of China's largest international property websites.
While the U.S. and Australia remain the most popular destinations, more Chinese buyers are seeking expensive homes in exotic locations like the Caribbean and Fiji, a new Juwai report shows.
"Many of the Chinese entrepreneurs and executives who helped lead the country's economic miracle over the past few decades are now approaching an age in which health and lifestyle become more important. They are taking advantage of their hard-earned wealth to enjoy cosmopolitan and resort-style lifestyles in attractive environment," said Andrew Taylor, co-CEO of Juwai.com.
Here are the countries where Chinese buyers seek the most expensive homes, ranked by average house price.
This two-island country in the West Indies is well-known for luxury villas on its unspoiled beaches. With units boasting a hefty $11.9 million price-tag on average, Juwai's most expensive listing is a $25 million cliff-top villa with "an endless coast and sea view."
Indonesia is the largest country on Juwai's list. Many Chinese home purchases are made in the resort island of Bali thanks to the area's lifestyle villas, the report said. In other parts of the country, land and commercial property transactions are more prominent.
Montecarlo is a staple on any millionaire's list so it's no surprise that high net-worth Chinese flock to this Mediterranean city-state. Juwai's priciest listing is a three-bedroom, two bath apartment in the Larvotto neighborhood for $10.5 million.
More commonly known as St. Barts, beach front properties here can sell for as much as $21.5 million, Juwai said. The overseas French territory in the Caribbean is a popular holiday spot for celebrities thanks to its 17 beaches and duty-free shopping.
Not to be confused with its eastern neighbor, the British Virgin Islands, this American territory consists of three main sub-islands. One of the most notable properties listed on Juwai is a $13.5 million hilltop mansion.
The Caribbean is attracting more premium Chinese buyers, but they still make up a relatively small element of the overall property market, Juwai noted. Among the premium listings on the site is a waterfront mansion for $11.5 million.
Both land and premium homes attract Chinese buyers on the South Pacific archipelago, alongside separate islands for development as a resort or private home.
The only Middle Eastern country to make the list, Morocco is expected to see an increase in the number of Chinese tourists thanks to new visa rules. The most expensive property on Juwai is a $60 million exact replica of the famous Alhambra palace in Granada, Spain.
A small number of expensive properties and an absence of buyers in the mid and lower ranges of the market helped elevate Belgium to this list, Juwai said. The firm's most exciting listing is a 13th-century stone castle at just $3 million.
Jamaica's southern capital city Kingston is beset by violent crime, but the beaches along the coast are more tourist-friendly. "A luxury villa in Jamaica isn't for every Chinese buyer, but they do offer a very attractive lifestyle," said Juwai's Andrew Taylor.