China Daily News – Chinese now 2nd biggest int’l buyer of US property

Chinese buyers have become the second largest group of foreign buyers in the US real estate market after the Canadians, Financial Times reported, citing a research report by the US National Association of Realtors.

The recently released research report said that many wealthy foreigners prefer to purchase houses in the US due to “low prices and the relative weakness of the dollar.”

The survey shows that from March 2011 to March 2012, foreigners have invested a total of $82.5 billion in purchasing US real estate with a 24 percent year-on-year increase.

Fifty-five percent of the international buyers come from five countries: Canada, China, Mexico, India and the United Kindom. China accounted for 11 percent of all international sales, up from nine percent in 2011.

(chinadaily.com.cn)

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s