US and Australia Most Attractive for Chinese Real Estate Investors

by admin on September 14, 2018

horizon skyline city skyscraper cityscape downtown tower landmark property tower block metropolis condominium urban area residential area human settlement metropolitan area

In 2017, Chinese property investors dumped in almost $40 billion into the US real estate market, as well as another $17.4 billion into Australian property.

The two countries far outpaced the rest of the world when it comes to attracting Chinese real estate investors, according to the giant economic power’s leading real estate site Juwai.

The analysis found that most of the foreign investment by Chinese purchasers were going to personal residential use. The reasons for the property purchases varied, but most were for Chinese families who had relatives living in the country.

Some though argue that the influx of Chinese investment could drive prices up in big cities such as New York City, Los Angeles, Sydney, and Melbourne where real estate costs are already soaring.

Read the full story here.

Need a reputable and seasoned Thailand real estate attorney? Contact the professionals at Chaninat & Leeds.

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: