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Cosmo and Nanu - Fantasy

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Chinese Fakeaway

Chinese property developers who've been thwarted in a bid to buy up an entire Austrian village have settled on the next best thing - an entire life-sized replica.

The development - the ultimate Chinese takeaway - will recreate the 12th century wine-producing village Grinzing on the coast of southern China's wealthy Guangdong province.

Vineyard owner Franz Hengl says dozens of Chinese developers arrived in the village last month trying to buy up property.

"They were soon noticed and nobody wanted to sell to them. That's when they told me, 'That's alright - we'll build our own'," he said.

Property prices in the Austrian capital have spiralled in the last year as developers rush in to buy up real estate in the former seat of power of the Hapsburg empire - with Chinese and Russian buyers heading the list of foreign investors.

Grinzing is a popular tourist destination on the outskirts of the city surrounded by vineyards and with numerous taverns in the village centre.

Last year Chinese developers recreated the picture postcard Austrian village Hallstatt, also in Guangdong.

"They have thousands of years of their own heritage. You'd think that would be enough," said Hengl.

Tag cloud Russian  Hallstatt  Hapsburg  Chinese  Guangdong  Austrian  postcard  estate  empire  tourist  investors  property  Grinzing  Vineyard  popular  heading  Hengl  developers  entire  Fakeaway

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