Chinese buyers aren’t showing signs they're letting up on investing in American real estate.
Hot Niche: Chinese Buyers
Between 2010 and 2015, Chinese investors acquired more $93 billion worth of residential real estate and $17.1 billion worth of commercial properties in the U.S., according to a new report released by the Asia Society and Rosen Consulting Group. Half of those commercial transactions took place last year alone.
Analysts believe Chinese investors and individuals will expand their stake in the U.S. real estate market, despite the slowing of the Chinese economy.
Residential purchases by Chinese buyers since 2010 were largely concentrated in California and Washington State, according to the report. The majority of the commercial properties purchases were in New York, Los Angeles, and San Francisco.
Source: “Chinese Investment in U.S. Real Estate Still Booming, Says Report,” Curbed.com (May 18, 2016)
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