Chinese buyers continue to play a major role in International Real Estate. It appears that the Chinese continue to invest heavily in properties in The United States, Canada and the U.K. For the Chinese, investments in Europe and North America are moderate risk, high-return business ventures.
China's manufacturing output is the largest in the world. It has an economy that's built on exports and a fast growing population. A vast amount of people are moving from rural areas to cities every day, to the extent, that a new high rise building is completed every five days in major cities! However, the economy is not as strong as it once was. That creates a dilemma for wealthy Chinese: Should they continue investing in business ventures at home or put their money in real estate outside China? For many , the answer is the latter.
Chinese markets have slowed down and investors are increasingly diversifying and they now make up the largest group of foreign real estate buyers in America, typically purchasing expensive residential properties such as luxury condos in major cities.
It remains to be seen how long the trend will continue but in the meantime the Chinese buyers play a major role in the appreciation of home values in hot real estate markets like New York or San Francisco.
Posted by Andreas Holder on